Juridical Dictionary

This dictionary contains:
8526
juridical terms

Milestone






Milestone

A point after a job is started and before it is completed at which an approval or re-evaluation is made by participants in a contract and to which partial compensation, based on a fixed bid sum, is often tied. The milestone may be based on the passage of some specified period of time, or on the completion of some percentage of the job.

RELATED TERMS
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Point
Practice. A proposition or question arising in a case.

Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.

Compensation
1) Contracts. A reward for services rendered. 2) Crim. law; Compeusatio crimiuura, or recrimination. 3) Remedies. The damages recovered for an injury, or the violation of a contract.

Milestone
A point after a job is started and before it is completed at which an approval or re-evaluation is made by participants in a contract and to which partial compensation, based on a fixed bid sum, is often tied. The milestone may be based on the passage of some specified period of time, or on the completion of some percentage of the job.

Passage
A way over water; a voyage made over the sea or great river; as, the Sea Gull had a quick passage: the money paid for the transportation of a person over the sea; as, my, passage to Europe was one hundred and fifty dollars.

Time
Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions.

Job
By this term is understood among workmen, the whole of a thing which is to be done. In this sense it is employed in the Civil Code of Louisiana, article 2727; "to build by plot, or to work by the job," says that article, "is to undertake a building for a certain stipulated price."



SIMILAR TERMS
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Mile
Measure. A length of a thousand paces, or seventeen hundred and sixty yards, or five thousand two hundred and eighty feet. It contains eight furlongs, every furlong being forty poles, and each pole sixteen feet six inches.

Mileage
A compensation allowed by law to officers, for their trouble and expenses in travelling on public business.



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Middleman
Contracts. A person who is employed both by the seller and purchaser of goods, or by the purcbaser alone, to receive them into his possession, for the purpose of doing something in or about them; as, if goods be delivered from a ship by the seller, to a wharfinger, to be by him forwarded to the purchaser, who has been appointed by the latter to receive them; or if goods be sent to a packer, for and by orders of the vendee, the packer is to be considerpd as a middleman.

Midwife
Medical jurisprudence. A woman who practices midwifery; a woman who pursues the business of an account.

Migrant
A person who leaves his/her country of origin to seek residence in another country.

Mile
Measure. A length of a thousand paces, or seventeen hundred and sixty yards, or five thousand two hundred and eighty feet. It contains eight furlongs, every furlong being forty poles, and each pole sixteen feet six inches.

Mileage
A compensation allowed by law to officers, for their trouble and expenses in travelling on public business.

Milestone

Military
That which belongs or relates to the army.

Military allotment
A deduction from child support from the salary of a noncustodial parent on active duty in the united states military.

Mill
"1) Money. An imaginary money, of which ten are equal to one cent, one hundred equal to a dime, and one thousand equal to a dollar. There is no coin of this denomination 2) Estates. Mills are so very different and various, that it is not easy to give a definition of the term. They are used for the purpose of grinding and pulverising grain and other matters, to extract the juices of vegetables, to make various articles of manufacture. They take their names from the uses to which they are employed, hence we have paper-mills, fulling-mills, iron-mills, oil-mills, saw-mills, &c. In another respect their kinds are various; they are either fixed to the freehold or not. Those which are a part of the freehold, are either watermills, wind-mills, steam-mills, &c.; those which are not so fixed, are hand-mills, and are merely personal property. Those which are fixed, and make a part of the freehold, are buildings with machinery calculated to obtain the object proposed in their erection.

Milled money
This term means merely coined money, and it is not necessary that it should be marked or rolled on the edges.

Mil-reis
The name of a coin. The mil-reis of Portugal is taken as money of account, at the custom-house, to be of the value of one hundred and twelve cents.

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This dictionary contains 8526 terms.