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Fully paid
Fully paidIn relation to a company, when a share is issued, the person applying for it must pay to the company, in cash or equivalent value, the amount of its nominal value together with any premium required by the company. Shares are fully paid when the whole amount has been received by the company. Shares may also be issued on the basis that only part of their price is to be paid at the outset with the remainder being required when called for by the company. RELATED TERMS-------------------------------------- Relation 1) Civil law. The report which the judges made of the proceedings in certain suits to the prince were so called. 2) Contracts, construction. When an act is done at one time, and it operates upon the thing as if done at another time, it is said to do so by relation. Company An association of a number of individuals for the purpose of carrying on some legitimate business. When 1) At which time, in wills, standing by itself unqualified and unexplained, this is a word of condition denoting the time at which the gift is to continence. 2) The context of a will may show that the word when is to be applied to the possession only, not to the vesting of a legacy; but to justify this construction, there must be circumstances, or other expressions in the will, showing such to have been the testator's intent. Share A portion of anything. Sometimes shares are equal, at other times they are unequal. Person This word is applied to men, women and children, who are called natural persons. Cash Commerce. Money on hand, which a merchant, trader or other person has to do business with. Equivalent Of the same value. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Nominal Relating to a name. Premium Contracts. The consideration paid by the insured to the insurer for making an insurance. It is so called because it is paid primo, or before the contract shall take effect. Price contracts. The consideration in money given for the purchase of a thing. Remainder Estates. The remnant of an estate in lands or tenements expectant on a particular estate, created together with the same, at one time. SIMILAR TERMS-------------------------------------- Full age A. person is said to have full age at twenty-one years, whether the person be a man or woman. Full court When all the judges are present and properly organized, it -is said there is a full court; a court in banc. Full defence Pleading. A denial of all wrong or injury. It is expressed in the following formula: And the said C D, (the defendant,) by E F, his attorney, comes, and defends the wrong or injury, (or force and injury,) when and where it shall behoove him, and the damages and whatsoever else he ought to defend." Full defense In common-law practice, a defense made by the formula "he comes and defends the force and injury when and where it shall behoove him, the damages, and whatever else he ought to defend". Opposed, half-defense: made by the words "he comes and defends the force and injury, and says, etc." 3 Bl. Com. 298. Full faith and credit In the conflict of laws, the principle of "full faith and credit" requires courts in one jurisdiction in a federal State to recognize and enforce the laws and court judgments of other jurisdictions within the same State. PREVIOUS AND NEXT TERMS-------------------------------------- Full age A. person is said to have full age at twenty-one years, whether the person be a man or woman. Full court When all the judges are present and properly organized, it -is said there is a full court; a court in banc. Full defence Pleading. A denial of all wrong or injury. It is expressed in the following formula: And the said C D, (the defendant,) by E F, his attorney, comes, and defends the wrong or injury, (or force and injury,) when and where it shall behoove him, and the damages and whatsoever else he ought to defend." Full defense In common-law practice, a defense made by the formula "he comes and defends the force and injury when and where it shall behoove him, the damages, and whatever else he ought to defend". Opposed, half-defense: made by the words "he comes and defends the force and injury, and says, etc." 3 Bl. Com. 298. Full faith and credit In the conflict of laws, the principle of "full faith and credit" requires courts in one jurisdiction in a federal State to recognize and enforce the laws and court judgments of other jurisdictions within the same State. Fully paid Function Office. Properly, the occupation of an office; by the performance of its duties, the officer is said to fill his function. Functional interest analysis Arthur Taylor von Mehren (supra) and Donald T. Trautman introduced a method of weighing governmental interest, unlike the lex fori rule advocated in Currie's governmental interest analysis. Von Mehren and Trautman called their approach "functional interest analysis", and listed the criteria to be considered when weighing one government's interest against the other. The law to apply using functional analysis would be the law of the jurisdiction with the greatest weight. Multijurisdictional rules were advocated where weighing did not provide a solution. Functionary One who is in office or in some public employment. Functus officio This term is applied to something which once had life and power, but which now has no virtue whatsoever; as, for example, a warrant of attorney on which a judgment has been entered, is, functus officio, and a second judgment, cannot be entered by virtue of its authority. When arbitrators cannot agree and choose an umpire, they are said to be functi officio. If a bill of exchange be sent to the drawee, and he passes it to the credit of the holder, it is functus officio, and cannot be further negotiated. When an agent has completed the business with which he was entrusted,.his agency is functus officio. Fundamental This word is applied to those laws which are the foundation of society. Those laws by which the exercise of power is restrained and regulated, are fundamental. The Constitution of the United States is the fundamental law of the land. We thank you for using the Juridical Dictionary to search for Fully paid. If you have a better definition for Fully paid than the one presented here, please let us know by making use of the suggest a term option. This definition of Fully paid may be disputed by other professionals. Our attempt is to provide easy definitions on Fully paid and any other medical topic for the public at large.
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