ratable distribution

ratable distribution
As in bankruptcy, a distribution on all claims, of equal priority, as proved or established by adjudication, on one rule of proportion applicable to all alike. Merrill v National Bank of Jacksonville, 173 US 131, 143, 43 L Ed 640, 645, 19 S Ct 360.

Ballentine's law dictionary. . 1998.

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  • ratable — rat·able / rā tə bəl/ adj: made or calculated according to a proportionate rate: pro rata a ratable distribution of the bankruptcy estate rat·ably / blē/ adv Merriam Webster’s Dictionary of Law. Merriam Webster …   Law dictionary

  • ratable — rat‧a‧ble [ˈreɪtəbl] also rateable adjective 1. FINANCE a ratable share of something such as a payment is calculated according to the amount someone owes or is owed, relative to the amounts other people owe or are owed: • the collection and… …   Financial and business terms

  • distribution — dis·tri·bu·tion /ˌdis trə byü shən/ n 1: the act or process of distributing: as a: the apportionment by a court of the property and esp. personal property of an intestate among those entitled to it according to statute compare descent, devise …   Law dictionary

  • ratable — ratability, ratableness, n. ratably, adv. /ray teuh beuhl/, adj. 1. capable of being rated or appraised. 2. proportional: ratable distribution of wealth. Also, rateable. [1495 1505; RATE1 + ABLE] * * * …   Universalium

  • adjustment — An arrangement; a settlement. In the law of insurance, the adjustment of a loss is the ascertainment of its amount and the ratable distribution of it among those liable to pay it. The settling and ascertaining the amount of the indemnity which… …   Black's law dictionary

  • adjustment — An arrangement; a settlement. In the law of insurance, the adjustment of a loss is the ascertainment of its amount and the ratable distribution of it among those liable to pay it. The settling and ascertaining the amount of the indemnity which… …   Black's law dictionary

  • government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …   Universalium

  • Property tax — Taxation An aspect of fiscal policy …   Wikipedia

  • share of corporate stock — The unit into which the proprietary interests in a corporation are divided. Rev. Model Bus. Corp. Act, No. 1.40. A proportional part of certain rights in a corporation during its existence, and in the assets upon dissolution, and evidence of the… …   Black's law dictionary

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