- loss by theft
- As a deduction in computing income tax:–a loss in the sense that the taxpayer is worse off financially as a result of the crime. Anno: 62 ALR2d 590. See theft insurance.
Ballentine's law dictionary. Anderson, W.S.. 1998.
loss by theft
Look at other dictionaries:
theft insurance — Insurance against the risk of loss by theft. 29A Am J Rev ed Ins § 1333. A contract to indemnify against loss by thieves. Anno: 46 LRA (NS) 562; 47 LRA (NS) 296. Where the word theft is used in an insurance policy, without definition, it should… … Ballentine's law dictionary
theft loss — A deduction of loss by theft in computation of taxable income, theft being broadly defined in this connection to include larceny, robbery, embezzlement, even a wrongful withholding by a trustee. Internal Revenue Code § 165; Vincent v Commissioner … Ballentine's law dictionary
loss — noun Etymology: Middle English los, probably back formation from lost, past participle of losen to lose Date: 13th century 1. destruction, ruin 2. a. the act of losing possession ; deprivation < insured against loss or theft of property > … New Collegiate Dictionary
THEFT AND ROBBERY — (Heb. גְּנֵבָה וּגְזֵלָה). An object which is in the possession of a person without the consent of its owner or any other person having a right thereto, when that person knows – or should know – that the latter does not consent, is considered to… … Encyclopedia of Judaism
Theft — • The secret taking of another s property against the reasonable will of that other Catholic Encyclopedia. Kevin Knight. 2006. Theft Theft … Catholic encyclopedia
Theft Act 1968 — The Theft Act 1968 (1968 c.60) is an Act of the Parliament of the United Kingdom, governing most of the general property offences in English law. On 15 January 2007 the Fraud Act 2006 came into force repealing most of the offences of… … Wikipedia
theft insurance — noun : insurance against loss or damage caused by the unlawful taking of property * * * insurance against loss or damage of property resulting from theft … Useful english dictionary
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loss — noun 1) the loss of the papers Syn: mislaying, misplacement, destruction, theft 2) loss of earnings Syn: forfeiture, diminution, erosion, reduction, depletion 3) … Synonyms and antonyms dictionary
Loss on sale of residential property — Section 165(c) of the United States Tax Code limits losses that taxpayers can deduct into three categories: business or trade losses, investment losses, and losses incurred from casualty or theft. A loss incurred by a taxpayer from the sale of… … Wikipedia
