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payment
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dole
dole distribution to the poor, usually of food or money. In medieval times doles were usually from bequests of money or land, and the income was given to charity or distributed to the local poor at funerals. John Leake in 1792 left £1,000 to Trinity Church, New York City, the income of... Read more |
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balance of payments
balance of payments balance between all payments out of a country within a given period and all payments into the country, an outgrowth of the mercantilist theory of balance of trade . Balance of payments includes all payments between a country and its trading partners and is made up of the... Read more |
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Social Security Act
Social Security Act of 1935 Jerry W. Markham Congress adopted the Social Security Act (P.L. 74-271, 49 Stat. 620) in 1935 for the purpose of providing retirement security for American workers. This legislation was a product of the New Deal legislation that spun out of the Great Depression of the... Read more |
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regium donum
regium donum, a state grant towards the payment of Presbyterian ministers, initiated, at £600 a year, in 1672 during Charles II's brief experiment with religious toleration (see restoration). Payments were suspended under James II, but resumed, at £1,200 per annum, under William III. In... Read more |
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composition (law)
composition in ancient and medieval law, a sum of money paid by a guilty party as satisfaction to the family of the person who was injured or killed. Failure to make the payment might justify retaliation in kind against the offender or his family. In earliest times, the payment was made as a result... Read more |
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Young Plan
Young Plan program for settlement of German reparations debts after World War I. It was presented by the committee headed (1929-30) by Owen D. Young. After the Dawes Plan was put into operation (1924), it became apparent that Germany could not meet the huge annual payments, especially over an... Read more |
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Tripolitan War
Tripolitan War , 1800-1815, conflict between the United States and the Barbary States . Piracy had become a normal source of income in the N African Barbary States long before the United States came into existence. The new republic adopted the common European practice of paying tribute to buy... Read more |
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Deposits in Court
DEPOSITS IN COURT The payments of funds or property to an officer of the court as a precautionary measure during the pendency of litigation. The amount placed with the court constitutes the acknowledged liability of a person who is uncertain as to whom he or she is liable. The ascertainment... Read more |
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Admission
ADMISSION A voluntary acknowledgment made by a party to a lawsuit or in a criminal prosecution that certain facts that are inconsistent with the party's claims in the controversy are true. In a lawsuit over whether a defendant negligently drove a car into the plaintiff pedestrian, the defendant's... Read more |
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