One which is levied upon the person simply, without any reference to his property, real or personal, or to any business in which he may be engaged, or to any employment which he may follow. Gardner v. Ilall, G1 N. C. 22; Leedy v. Bourbon, 12 Ind. App. 4S6, 40 N. E. C40; llead- Money… Continue Reading CAPITATION TAX
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CAPITAL GAINS TAX
When a fixed asset is sold at a profit, the profit may be liable to a tax called Capital Gains Tax. Calculating the tax can be a complicated affair (capital gains allowances, adjustments for inflation and different computations depending on the age of the asset are all considerations you will need to take on board).
CAMBIUM
In the civil law. Change or exchange. A term applied indifferently to the exchange of land, money, or debts. Cambium reale or manuale was the term generally used to denote the technical common-law exchange of lands; cambium localc, mercantile. or trajcctitium, was used to designate the modern mercantile contract of exchange, whereby a man agrees,… Continue Reading CAMBIUM
ONEROUS
A contract, lease, share, or other right is said to be ÒonerousÓ when the obligations attaching to it counter-balance or exceed the advantage to be derived from it, either absolutely or with reference to the particular possessor. Sweet. As used in the civil law and In the systems derived from it, (French, Scotch, Spanish, Mexican.)… Continue Reading ONEROUS
OCCUPANCY AGREEMENT
The agreement that allows the buyer to occupy a property beforethe deal is finalized. This is in consideration with the payment of a specified amount of rent.
OB TURPEM CAUSAM
For an immoral consideration. Dig. 12, 5.