holdback, n. An amount withheld from the full payment of a contract pending the other party’s completion of some obligation, esp. to ensure that a contractor finishes the work agreed on beforehand. • The terms of a holdback are typically expressed in the contract. The device gives the contractor an incentive to finish the work, […]
Law French. The corrupted form of the Norman French language that arose in England in the centuries after William the Conqueror invaded England in 1066 and that was used for several centuries as the primary language of the English legal system; the Anglo-French used in medieval England in judicial proceedings, pleadings, and lawbooks. — Abbr.
delegate (del-[schwa]-git), n. 1. One who represents or acts for another person or a group. 2. Parliamentary law. A voting member of a convention, whether entitled to vote as an elected or appointed delegate (sense 1), as an upgraded alternate, or ex officio. See CONVENTION(4); ALTERNATE; EX OFFICIO. instructed delegate. A delegate bound to vote
public safety. The welfare and protection of the general public, usu. expressed as a governmental responsibility (Department of Public Safety). [Cases: Municipal Corporations 595. C.J.S. Municipal Corporations § 129.]
concurrence. 1. Agreement; assent. 2. A vote cast by a judge in favor of the judgment reached, often on grounds differing from those expressed in the opinion or opinions explaining the judgment. 3. A separate written opinion explaining such a vote. — Also termed (in sense 3) concurring opinion. [Cases: Courts 108. C.J.S. Courts §
tax rate. A mathematical figure for calculating a tax, usu. expressed as a percentage. [Cases: Internal Revenue 3545–3552; Taxation 1061–1065. C.J.S. Internal Revenue §§ 331–333, 335, 358–361, 797; Taxation § 1698.] average tax rate. A taxpayer’s tax liability divided by the amount of taxable income. — Also called effective tax rate. marginal tax rate. In
A mathematical figure for calculating a tax, usu. expressed as a percentage. [Cases: Internal Revenue 3545–3552; Taxation 1061–1065. C.J.S. Internal Revenue §§ 331–333, 335, 358–361, 797; Taxation § 1698.]
The wage scale set by a union as a minimum wage to be paid and usu. expressed as an hourly rate or piecework rate.