The net yearly value to the possessor of the property, over and above taxes, interest on mortgages, and other charfes and deductions. Groton v. Boxborough. 6 lass. 56; Marsh v. […]

The devise of an annuity “clear” means an annuity free from taxes (Hodgworth v. Crawley, 2 Atk. 370) or free or clear of legacy or inheritance taxes. In re Bispham’s […]

An IRS or corporate test applied to determine the deductibility of business expenses related to entertainment and dining. The test checks that no other motive is involved when incurring these […]

See CLEAR.

An unquestionably erroneous judgment by a trial court that is apparent to the appellate court .

the evidence that is clear and positive and beyond the shadow of a doubt.

Evidence which is positive, precise and explicit, as opposed to ambiguous, equivocal, or contradictory proof, and which tends directly to establish the point to which it is adduced, instead of […]

a right that is based on a matter of the law that has been determined by totally accepted facts.

the certain proof that is clear and is acceptable to all parties.

A clause stating that a specified spacing is required between the insured’s belongings and any other belongings. The property in question typically has a risk of increased chance of a […]

Original human-readable form of an unencrypted text or message. Input to an encryption procedure is clear text, and becomes a decryption procedure’s output. Known also as plain text, it is […]

Reasoning free of biases, prejudices, hopes and fears. Accepted assumptions or facts without comment or criticism. Refer also to critical thinking.

One which is not subject to any incumbrance . Roberts v. Bassett, 105 Mass. 409.

the net value that is left after all payments of debts and obligations are satisfied.

In maritime law . A document in the nature of a certificate given by the collector of customs to an outward- bound vessel, to the effect that she has complied […]

a written note given to an employee by the employer that says why he left the job and what competencies he is able to do. Then employee gives this note […]

Retail sale using heavily discounted prices to quickly sell off closed-out goods.

Section of an airport or port facility where goods are released once cleared by Customs upon satisfaction of clearance requirements .

the term that is applied when a person is declared innocent and is forgiven or acquitted.

The departure of a vessel from port, after complying with the customs and health laws and like local regulations. In mercantile law . A method of making exchanges and settling […]

An account that temporarily holds costs until these costs can be moved elsewhere. For example, a clearing account to hold monies and costs while completing year-end fiscal calculations used by […]

In the United Kingdom, a large retail or wholesale commercial BANK . See also HIGH STREET BANK .

A period of two to five days, used for presenting local checks or drafts that a payee bank’s customer deposits for payment at the drawn-upon bank. The proceeds are then […]

Electronic funds moving system. Handles over 95 percent of all international dollar payments. Located in New York City, CHIPS settles transactions in special account balances as adjustments at the Federal […]

MARGIN posted by a CLEARING MEMBER with an EXCHANGE on behalf of clients or proprietary accounts . See also INITIAL MARGIN , VARIATION MARGIN .