despotism
despotism (des-p[schwa]-tiz-[schwa]m). 1. A government by a ruler with absolute, unchecked power. 2. Total power or controlling influence.
despotism (des-p[schwa]-tiz-[schwa]m). 1. A government by a ruler with absolute, unchecked power. 2. Total power or controlling influence.
valued-policy law. A statute requiring insurance companies to pay the full amount of the insurance to the insured in the event of a total loss, regardless of the true value of the property at the time of loss. [Cases: Insurance 2171. C.J.S. Insurance §§ 1108–1109, 1204.]
heresy (her-[schwa]-see), n. 1. Opinion or doctrine contrary to (usu. Catholic) church dogma. [Cases: Religious Societies 28.] 2. Hist. In England, an offense against religion, consisting not in totally denying Christianity, but in publicly denying some of its essential doctrines; an opinion on divine subjects devised solely by human reason, openly taught, and obstinately maintained.
aggregate theory of partnership. The theory that a partnership does not have a separate legal existence (as does a corporation), but rather is only the totality of the partners who make it up. Cf. ENTITY THEORY OF PART-NERSHIP. [Cases: Partnership 63. C.J.S. Partnership § 68.]
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A refundable federal tax credit on the earned income of a low-income worker with dependent children. • The credit is paid to the taxpayer even if it exceeds the total tax liability. [Cases: Internal Revenue 3532. C.J.S. Internal Revenue § 346.]
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time-price differential. 1. A figure representing the difference between the current cash price of an item and the total cost of purchasing it on credit. [Cases: Consumer Credit 4; Usury 32. C.J.S. Interest and Usury; Consumer Credit§§ 124–125, 280, 284–293.] 2. The difference between a seller’s price for immediate cash payment and a different price
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mere right. An abstract right in property, without possession or even the right of possession. — Also termed jus merum; merum jus; meer dreit. “The mere right of property, the jus proprietatis, without either possession or even the right of possession. This is frequently spoken of in our books under the name of the mere
gross receipts. Tax. The total amount of money or other consideration received by a business taxpayer for goods sold or services performed in a year, before deductions. IRC (26 USCA)§ 448; 26 CFR § 1.448-1T(f)(2)(iv).
polity (pol-[schwa]-tee). 1. The total governmental organization as based on its goals and policies. 2. A politically organized body or community.