assessments of mutual benefit society

assessments of mutual benefit society
The amounts levied against members for the purpose of the payment of benefits extended by the society under the terms of their contracts or certificates of membership. 38 Am J2d Frat O § 88.

Ballentine's law dictionary. . 1998.

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  • assessment — In a general sense, the process of ascertaining and adjusting the shares respectively to be contributed by several persons towards a common beneficial object according to the benefit received. A valuation or a determination as to value of… …   Black's law dictionary

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