Baker v. Selden doctrine. See MERGER DOCTRINE (1). BALANCE balance, vb. 1. To compute the difference between the debits and credits of (an account) (the accountant balanced the company’s books). 2. To equalize in number, force, or effect; to bring into proportion (the company tried to balance the ratio of mid-level managers to assembly-line workers). […]
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farmout agreement. Oil & gas. An agreement by which one who owns an oil-and-gas lease (the farmoutor or farmor) agrees to assign to another (the farmoutee or farmee) an interest in the lease in return for drilling and testing operations on the lease. • For the farmor, the agreement either (1) maintains the lease by
Civil law. A plea by which a defendant asserts any claim that it has against the plaintiff, or any offset against the plaintiff’s claim. • This plea is similar to the common-law counterclaim. La. Code Civ. Proc. 1061 et seq. — Also termed demand in reconvention.
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equitable recoupment. 1. Tax. A doctrine allowing a taxpayer to offset previously overpaid taxes against current taxes due, even though the taxpayer is time-barred from claiming a refund on the previous taxes. [Cases: Internal Revenue 4829.10. C.J.S. Internal Revenue §§ 728, 738.] 2. Tax. A doctrine allowing the government to offset taxes previously uncollected from
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Income not derived in the ordinary course of a trade or business, such as interest earned on savings, dividends, royalties, capital gains, or other investment sources. • For tax purposes, losses on passive activities cannot be used to offset net portfolio income. Cf. passive income.
arbitrage (ahr-b[schwa]-trahzh), n. The simultaneous buying and selling of identical securities in different markets, with the hope of profiting from the price difference in those markets. — Also termed space arbitrage. [Cases: Securities Regulation 53.17(4). C.J.S. Securities Regulation § 153.] — arbitrager (ahr-b[schwa]-trazh-[schwa]r), arbitrageur (ahr-b[schwa]-trah-zh[schwa]r), n. covered-interest arbitrage. The simultaneous investment in a currency and
A usu. preprinted contract containing set clauses, used repeatedly by a business or within a particular industry with only slight additions or modifications to meet the specific situation. • Because stan-dard-form contracts usu. favor the drafting party, they can amount to adhesion contracts. Courts offset the drafting party’s advantage by construing the contract in the
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抵消 英语：offset, to (setoff) 法语：contrebalancer, annuler, compenser 德语：aufrechnen 意大利语：controbilanciare, compensare 西班牙语：compensar (reclamaciones recíprocas)