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Income
IncomeThe gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue. RELATED TERMS-------------------------------------- Gain The word is used as synonymous with profits. Property Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property. Labor Continued operation; work. Income The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue. Government "natural and political law. The manner in which sovereignty is exercised in each state. There are three simple forms of government, the democratic, the aristocratic, and monarchical. But these three simple forms may be varied to infinity by the mixture and divisions of their different powers. Sometimes by the word government is understood the body of men, or the individual in the state, to whom is entrusted the executive power. It is taken in this sense when the government is spoken of in opposition to other bodies in the state. Revenue The income of the government arising from taxation, duties, and the like; and, according to some correct lawyers, under the idea of revenue is also included the proceeds of the sale of stocks, lands, and other property owned by the government. SIMILAR TERMS-------------------------------------- Income and expense declaration The form completed by a parent under oath stating that parent's income, assets, expenses and liabilities. the document is used to help determine child support to be paid by the non Incompatibility Offices, rights. This term is used to show that two or more things ought not to exist at the same time in the same person. Incompetency 1) French law. The state of a judge who cannot take cognizance of a dispute brought before him; it implies a want of jurisdiction. 2) Evidence. The want of legal fitness, or ability in a witness to be heard as such on the trial of a cause. Incompetent One who lacks ability, legal qualification, or fitness to manage his own affairs. Inconclusive What does not put an end to a thing. Inconclusive presumptions are those which may be overcome by opposing proof. Incontinence Impudicity, the indulgence in unlawful carnal connexions. Incorporate To form into an artificial body; to create a corporation out of natural persons. Incorporation 1) This term is frequently confounded, particularly in the old books, with corporation. The distinction between them is this, that by incorporation is understood the act by which a corporation is created; by corporation is meant the body thus created. 2) Civil law. The union of one domain to another. Incorporeal Not consisting of matter. Incorporeal hereditament Title, estates. A right issuing out of, or annexed unto a thing corporeal. Incorporeal property Civil law. That which consists in legal right merely; or, as the term is, in the common law, of choses in actions. Incoterms 2000 Incoterms, the internationally accepted and employed terms for contracts of sale, were first published by the International Chamber of Commerce (ICC) in 1936. They were revised in 1953 and reprinted in 1974, including two new terms that had been adopted in 1967, and again in 1976, 1980 and 1990. The latest revision, known as "Incoterms 2000", came into force on January 1, 2000. It modifies some of the existing terms in an updated format for ease of use, providing traders, lawyers, transport officials and insurers with a modern text reflecting the latest changes in the trading environment. PREVIOUS AND NEXT TERMS-------------------------------------- Inchoate That which is not yet completed or finished. Contracts are considered inchoate until they are executed by all the parties who ought to have executed them. Incident A thing depending upon, appertaining to, or following another, called the princinal. Incidental damages Damages that are a result of a breach of contract, such as expenses incurred by a return or recall of a defective or infringing software product. Beware of indemnification clauses making a writer liable for anything but actual damages attributable to the writer's breach. Incipitur Practice. This word, which means "it is begun," signifies the commencement of the entry on the roll. on signing judgment. Inclusive Comprehended in computation. In computing time, as ten days from a particular time, one day is generally to be included and one excluded. Income Income and expense declaration The form completed by a parent under oath stating that parent's income, assets, expenses and liabilities. the document is used to help determine child support to be paid by the non Incompatibility Offices, rights. This term is used to show that two or more things ought not to exist at the same time in the same person. Incompetency 1) French law. The state of a judge who cannot take cognizance of a dispute brought before him; it implies a want of jurisdiction. 2) Evidence. The want of legal fitness, or ability in a witness to be heard as such on the trial of a cause. Incompetent One who lacks ability, legal qualification, or fitness to manage his own affairs. Inconclusive What does not put an end to a thing. Inconclusive presumptions are those which may be overcome by opposing proof. We thank you for using the Juridical Dictionary to search for Income. If you have a better definition for Income than the one presented here, please let us know by making use of the suggest a term option. This definition of Income may be disputed by other professionals. Our attempt is to provide easy definitions on Income and any other medical topic for the public at large.
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