constructive payment

constructive payment
If one charges himself with a payment and the payee has a right to demand it, it can be considered a constructive as contrasted with an actual payment; e.g. a check which is mailed in payment though not yet cashed is a constructive payment

Black's law dictionary. . 1990.

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  • constructive payment — If one charges himself with a payment and the payee has a right to demand it, it can be considered a constructive as contrasted with an actual payment; e.g. a check which is mailed in payment though not yet cashed is a constructive payment …   Black's law dictionary

  • payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

  • Constructive receipt — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • constructive possession — That possession which the law annexes to the title; sometimes called legal possession, or possession in law, to distinguish it from possession in deed or in fact, which actual occupancy gives. 42 Am J1st Prop § 42. As applied to a dissersor: a… …   Ballentine's law dictionary

  • constructive adverse possession — Type of adverse possession which, under certain statutes, is characterized by payment of taxes under color of right, as distinguished from actual adverse possession in which the adverse claimant is in actual possession …   Black's law dictionary

  • constructive adverse possession — Type of adverse possession which, under certain statutes, is characterized by payment of taxes under color of right, as distinguished from actual adverse possession in which the adverse claimant is in actual possession …   Black's law dictionary

  • constructive mortgage — An instrument in the form of an absolute deed of real estate but intended as a mortgage, being given as security for the payment of a debt. Plumner v Isle, 41 Wash 5, 82 P 1009 …   Ballentine's law dictionary

  • Davis v. Commissioner (constructive receipt) — Davis v. Commissioner., T.C. Memo. 1978 12 (1978),[1] was a case in which the United States Tax Court held that in order to have constructive receipt, a taxpayer must have notice of the attempt to transfer funds to the taxpayer. Contents 1… …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Employment Relations Act 2000 — Infobox NZ Legislation short title=Employment Relations Act long title= No long title introduced by= date passed=2000 royal assent= commencement= October 2 2000 amendments= 2001, 2004 related legislation= Industrial Conciliation and Arbitration… …   Wikipedia

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