owners’ equity. The aggregate of the owners’ financial interests in the assets of a business entity; the capital contributed by the owners plus any retained earnings. • Owners’ equity is calculated as the difference in value between a business entity’s assets and its liabilities. — Also termed (in a corporation) shareholders’ equity; stockholders’ equity. [Cases: […]
legacy duty (1)遗产税；继承税 适用于遗嘱继承和法定继承。 (2)动产遗产税 以遗嘱方式授予动产时应缴纳的税。英国1779年的法律第一次规定了动产遗产税，即价值20英镑以上的动产遗赠物应当纳税。1796年《动产遗产税法》〔Legacy Duty Act〕规定征收的遗产税与之相同，同时规定价值在100英镑以上的剩余动产〔residuary personal estate〕也应征税；税率视继承人与遗嘱人的关系亲疏而不同，对关系越疏远者，所征税率越高。以后几经改变，1949年的《财政法》〔Finance Act〕废除了动产遗产税。 (→legacy)
security interest. A property interest created by agreement or by operation of law to secure performance of an obligation (esp. repayment of a debt). • Although the UCC limits the creation of a security interest to personal property, the Bankruptcy Code defines the term to mean “a lien created by an agreement.” 11 USCA §
funding, n. 1. The process of financing capital expenditures by issuing long-term debt obligations or by converting short-term obligations into long-term obligations to finance current expenses; the process of creating a funded debt. 2. The refinancing of a debt before its maturity. — Also termed refunding. 3. The provision or allocation of money for a
capital transfer tax/C. T. T. 〈英〉资产移转税 1975年颁布、1976年修改的《财政法》〔Finance Act〕设置的税种，对赠与、遗赠和限定继承财产征税，替代了此前的遗产税〔estate tax〕。该税于1986年被遗产继承税〔inheritance tax〕取代。 (→estate tax; inheritance)
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Superfund. 1. The program that funds and administers the cleanup of hazardous-waste sites through a trust fund (financed by taxes on petroleum and chemicals and a new tax on corporations) created to pay for cleanup pending reimbursement from the liable parties. [Cases: Environmental Law 437.] 2. The popular name for the act that established this
purchase tax 〈英〉购买税 根据1940年第2号财政法〔Finance (No.2) Act〕和1963年《购买税法》〔Purchase Tax Act〕而对转让或用于其他应税目的的货物的批发价值征收的税，1972年为增值税所取代。
drainage district. A political subdivision authorized to levy assessments for making drainage improvements within its area. [Cases: Drains 12. C.J.S. Drains § 8.] “In the United States there are numerous special districts that administer drainage projects. They are typically formed under state law after a local election or petition showing consent of a majority of
glebe (gleeb). [fr. Latin gleba “clod of earth”] 1. Roman law. The soil of an inheritance; an agrarian estate. • Servi addicti glebae (“slaves bound to the land”) were serfs attached to and passing with the estate. 2. Eccles. law. Land possessed as part of the endowment or revenue of a church or ecclesiastical benefice.
A mortgage used to finance a construction project.
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