The total amount promised by the deceased to a beneficiary. Since a gift tax can reduces the promised value, there is a practice of adding an amount back into the deflated value after the taxes are paid, bring the gift back to its original amount.
L. Fr. Largely, greatly. Grosscment enseint, big with child. Plowd. 76.
In old English law. A fine, or sum of money paid for a lease. Plowd.270, 271. Supposed to be a corruption of gersuma, (g. v.) See GRESSUME.
1. Soil; earth; a portion of the earth’s surface appropriated to private useand under cultivation or susceptible of cultivation.Though this term is sometimes used in conveyances and in statutes as equivalent to”land.” it is properly of a more limited signification, because it applies strictly only to tiiesurface, while “land” includes everything beneath the surface, and because “ground”always means dry land, whereas “land” may and often does include the beds of lakesand streams and other surfaces under water. See Wood v. Carter, 70 III. App. 218;State v. Jersey City, 25 N. J. Law, 520; Com. v. Roxbury, 9 Gray (Mass.) 491.
Where a ground wire is connected to earth as the neutral service wire as a part in an electrical service panel.
Monthly rent including an estimated utility cost. Basic charge to occupy a premise . This is the monthly amount paid by the renting party to the owner (or another third party).
Airplane insurance covering its body on the ground. ‘Not in flight’ or ‘not in motion’ are the dangers listed .’ A taxiing airplane is also covered by ‘Not in flight’ coverage.
Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.
Beginning period with lowest expense and highest gain of a new venture or investment opportunity.
Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base borrower ability to repay principal plus interest.