Law Dictionary

“excess animals” means wild free-roaming horses or burros (1) which have been removed from an area by the Secretary pursuant to applicable law or, (2) which must be removed from an

For purposes of subparagraph (A), the term “excess assets” means an amount equal to the excess (if any) of— (i) the fair market value of the assets of the original plan immediately

The term “excess benefit” means the excess referred to in subparagraph (A). / the term “excess benefit” includes, with respect to any transaction described in subparagraph (A), the

The term “excess benefit plan” means a plan maintained by an employer solely for the purpose of providing benefits for certain employees in excess of the limitations on contributio

The term “excess benefit transaction” means any transaction in which an economic benefit is provided by an applicable tax-exempt organization directly or indirectly to or for the u

The term “excess business holdings” means, with respect to the holdings of any private foundation in any business enterprise, the amount of stock or other interest in the enterpris

The term “excess business holdings redemption needs” means the amount needed (or reasonably anticipated to be needed) to redeem from a private foundation stock which— (A) such foun

The term “excess business loss” means the excess (if any) of— (i) the aggregate deductions of the taxpayer for the taxable year which are attributable to trades or businesses of su

the taking of more land than is needed to be occupied by the improvement directly in contemplation

For purposes of subparagraph (B), the term "excess consolidation proceeds" means, with respect to any guaranty agency for any Federal fiscal year beginning on or after Oc

For purposes of subparagraph (A), the term “excess contribution” means any contribution (other than a rollover contribution) which is neither excludable from gross income under sec

The term “excess contribution percentage” means the percentage of compensation which is contributed by the employer under the plan with respect to that portion of each participant'

For purposes of subparagraph (A), the term “excess contributions” means, with respect to any plan year, the excess of— (i) the aggregate amount of employer contributions actually p

The term “excess costs” means those costs that are in excess of the average annual per-student expenditure in a local educational agency during the preceding school year for an ele

For purposes of paragraph (1), the term "excess credit" means— (A) any unused general business credit of the corporation under section 39, and (B) any unused minimum tax

For purposes of subparagraph (A)(ii), the term “excess credit amount” means the excess of— (I) the credit amount for any mortgage credit certificate program, over (II) the amount w

“excess defense article” has the meaning provided by section 2403(g) of this title ;

“Excess defense articles” means the quantity of defense articles (other than construction equipment, including tractors, scrapers, loaders, graders, bulldozers, dump trucks, genera

OMB shall implement each half of such sequestration in accordance with section 255, section 256, and subsections (c), (d), (e), and (f) of section 253 of the Balanced Budget and Em

For purposes of subparagraph (A), the term “excess depreciation” means the excess (if any) of— (i) the amount of the depreciation deductions allowable with respect to the property

For purposes of this section, the term “excess distribution” means any distribution in respect of stock received during any taxable year to the extent such distribution does not ex

The term “excess distributions” means the aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds

The term “excess distribution taxes” means, with respect to any distribution, the portion of the creditable foreign taxes with respect to such distribution which is attributable (o

The term “excess employee compensation” means, with respect to any employee for any plan year, the excess (if any) of— (I) the aggregate amount includible in income under this chap

The term “excess employer social security tax” means any tax paid by an employer under section 3111 with respect to tips received by an employee during any month, to the extent suc

The term “excess equity base” means the excess of— (i) the average equity base of the company for the taxable year, over (ii) the amount which would be its average equity base if i

The term “excess farm loss” means the excess of— (i) the aggregate deductions of the taxpayer for the taxable year which are attributable to farming businesses of such taxpayer (de

The term “excess Federal power” means such electric power that has become surplus to the firm contractual obligations of the Administrator under section 839c(f) of this title due t

As used in section 2452(b)(10) of this title , the term “excess foreign currencies” means foreign currencies, which if acquired by the United States (A) would be in excess of the n

For purposes of subsection (a), the term "excess fringe benefits" means, with respect to any calendar year— (1) the aggregate value of the fringe benefits provided by the

The term “excess inclusion” means, with respect to any residual interest in a REMIC for any calendar quarter, the excess (if any) of— (A) the amount taken into account with respect

The term “excess interest” means any amount in the nature of interest— (A) paid or credited to a policyholder in his capacity as such, and (B) in excess of interest determined at t

Tending to or marked by excess, which is the quality or state of exceeding the proper or reasonable limit or measure. Railway Ch v. Johnston, 106 Ga. 130, 32 S. E. 78. —Excessive b

For purposes of this section, the term “excessive amount” means in the case of any person the amount by which— (1) the amount claimed under section 6416(a)(4), 6420, 6421, 6427, or

Bail set at a figure higher than an amount reasonably calculated to fulfill this purpose is 'excessive' under the Eighth Amendment.

For purposes of this paragraph, the term “excessive credit transfer” means, with respect to a facility or property for which an election is made under subsection (a) for any taxabl

Damages awarded by a j'liry which are grossly in excess of the amount warranted by law on the facts and circumstances of the case; unreasonable or outrageous damages. A verdict giv

Force beyond that reasonably necessary to defense of person or property.

For purposes of this paragraph, the term “excessive payment” means, with respect to a facility or property for which an election is made under this section for any taxable year, an

the portion of the profits derived from contracts with the Departments and subcontracts which is determined in accordance with this section to be excessive.

It is manifest to common sense, that this rate of speed, under the circumstances stated, exposed these vessels to unreasonable and unnecessary peril; and we adopt the remark of the

The term “excessive tarmac delay” means a tarmac delay of more than— (A) 3 hours for a flight in interstate air transportation; or (B) 4 hours for a flight in foreign air transport

It may be admitted that if it were true that the excess appeared as matter of law,—that if, for instance, the statute fixed a maximum and the verdict exceeded it,—a question might

Excessus in re qualibet jure reprobatur communi. Co. Litt. 44. Excess in law is reprehended. Excess in anything is reprehended at common law.

Excess is reprehended in the law; any kind of excess is reprehended in the common law.

In this subsection, the term "excess leave" means leave accrued by a member in excess of the number of days of leave authorized to be accumulated under subsection (b).

The term “excess leave status” means leave approved to be used by a member of the armed forces that is unearned leave for which a member is unable to accrue leave credit during the

For purposes of this section, the term "excess lobbying expenditures" means, for a taxable year, the greater of—

Except as provided in subparagraph (B), the term “excess net passive income” means an amount which bears the same ratio to the net passive income for the taxable year as— (i) the a

For purposes of subsection (a)(1)(B), the term “excess noncash income” means the excess (if any) of— (A) the amount determined under paragraph (2) for the taxable year, over (B) 5

The term “excess number” means, used with respect to the excess number of unemployed individuals within a State, the higher of— (i) the number that represents the number of unemplo

A distinction must be here observed between excess of jurisdiction and the clear absence of all jurisdiction over the subject-matter. Where there is clearly no jurisdiction over th

The term “excess parachute payment” means an amount equal to the excess of any parachute payment over the portion of the base amount allocated to such payment. / For purposes of th

pay in excess of the inspector's annual salary.

The term “excess pension assets” means the excess (if any) of— (A) the lesser of— (i) the fair market value of the plan's assets (reduced by the prefunding balance and funding stan

The term “excess prepaid farm supplies” means the prepaid farm supplies for the taxable year to the extent the amount of such supplies exceeds 50 percent of the deductible farming

The term “excess property” means any postal property that the Postal Service determines is not required to meet the needs or responsibilities of the Postal Service. / The term “exc

Subject to clause (ii), the term “excess readmissions ratio” means, with respect to an applicable condition for a hospital for an applicable period, the ratio (but not less than 1.

The term “excess reported amount” means the excess of the aggregate reported amount over the net capital gain of the company for the taxable year. / The term “excess reported amoun

For purposes of this paragraph, the term “excess resources” means available resources above the amount necessary to support the resource benefit level, but no greater than the amou

For purposes of paragraph (1), the term “excess retirement accumulation” means the excess (if any) of— (A) the value of the individual's interests (other than as a beneficiary, det

In paragraph (3)(A)(ii), the term “excess shelter allowance” means, for a community spouse, the amount by which the sum of— (A) the spouse’s expenses for rent or mortgage payment (

The term "excess taxable income" means, with respect to any partnership, the amount which bears the same ratio to the partnership's adjusted taxable income as— (i) the ex

1. 1. In old English law. Excess; transgression; violation of engagements.

The term “excess vehicle” means any vehicle that is not essential to support mission requirements of a component.

exchange', as used in § 117(d), implies reciprocal transfers of capital assets, not a single transfer to compensate for the destruction of the transferee's asset.

BILL OF. See "Bill of Exchange." A department of the government which has the management of the collection of the king's revenue. The name is said to be derived from the chequered

conveyancing. An exchange is a mutual grant o1 equal interests in land, the one in consideration of the other. 2 Bl. Com. 323; Litt. s.62; Touchs. 289; there are five circumstances

The term “exchange access” means the offering of access to telephone exchange services or facilities for the purpose of the origination or termination of telephone toll services.

Now the individual who uses his money and credit in buying and selling bills of exchange, and who thereby realizes a profit, may be taxed by a state in proportion to his income, as

The term “exchanged basis property” means property having a basis determined under any provision of subtitle A (or under any corresponding provision of prior income tax law) provid

the only relevant art is the one the foreign sovereign received in return for the plaintiff 's original artwork.

Exchange established by the State " or the Federal Government " "? Little short of an express statutory definition could justify adopting this singular reading.

In this section, the term “exchange facilitator” means a person that— (1) facilitates, for a fee, an exchange of like kind property by entering into an agreement with a taxpayer by

See Bill of Exchange.

A membership has a use value and a buying and selling or market value. It is bought and sold. There is a lien upon it for balances due members. It passes by will or descent and by

A commutution, transmutation, or transfer of goods for other goods, as distinguished from sale, which isa transfer of goods for money. 2 BI. Camm. 446; 2 Steph. Comm. 120. Exchange

In ecclesiastical law. This is effected by resigning them into the bishop's hands, and each party being inducted into the other's benefice. If either die before bath are inducted,

The term "exchange value" means the value assigned to a regulated substance in accordance with subsections (c) and (e), as applicable.

The treasury department of the English government. Established by William I; regulated by Edward I. Consisted of two divisions; one, for the receipt of revenue; the other, for the

COURT OF. See "Court of Exchequer."

COURT OF. See CouRT OF EXOHEQUER.

Receipt, in goods, the transfer of acceptance, which is the the debtor, to whose of, stolen goods. 2. A managing trustee appointed by a court of equity to take charge of a railway

Bills of credit issued by authority of parliament. They constitute the medium of transaction of business between the bank of England and the government. The exchequer bills contain

See Court of exchequer chamber .

v. Court, 12. V. Court, 24.

One of the three superior courts of law in England, (inferior, however, in rank to both the Queen's Bench and the Common Pleas;) originally intended principally to order the revenu

A division of the English high court of justice, to which the special business of the court of exchequer was specially assigned by section 34 of the judicature act of 1873. Merged

Bills of credit issued in England by authority of parliament. Brande. Instruments issued at the exchequer, under the authority, for the most part, of acts of parliament passed for

1. 1. In old English law. To plead. Excipi: to be pleaded.

an inland imposition, sometimes upon the consumption of the commodity, and sometimes upon the retail sale; sometimes upon the manufacturer, and sometimes upon the vendor.

A law imposing excise duties on specified commodities, and providing for the collection of revenue therefrom. In a more restricted and more popular sense, a law regulating, restric

This word is used to signify an inland imposition, paid sometimes upon the consumption of the commodity, or frequently upon the retail sale. 1 Bl. Com. 318; 1 Tuck. Bl. Com. Appx.

For purposes of this section, the term "excise tax holiday period" means the period beginning after March 27, 2020, and ending before January 1, 2021.

a state may not burden interstate commerce or tax property beyond her borders under the guise of regulating or taxing intrastate business

We think it is laid on the sale, and on that alone. It is levied as of the time of sale and is measured according to the price obtained by the sale. It is not laid on all sales, bu

An inland imposition, paid sometimes upon the consumption of the cominodity, and frequently upon the retail sale. 1 Bi. Comm. 318; Story, Const. § 950. The words “tax” and “excise,

A law imposing excise duties on specified commodities, and providing for the collection of revenue therefrom. In a more restricted and more popular sense, a law regulating, restric

The term “excludable income” means— (1) an amount equal to the education credits described in paragraphs (1) and (2) of section 25A(a) of title 26 ; (2) if an applicant elects to r

For purposes of this subsection, the term “excludable period” means, with respect to any original securities acquisition loan— (A) In general The 7-year period beginning on the dat