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Oct 26, 2018 · The term “disposition” can have several different meanings in the legal world, depending on the issue being discussed. For example, a disposition in a court case means that the court has come to a final decision on the case, and so the case can be closed.
Proceeds of Disposition means the cash or other monetary consideration received by Rental ULC from the sale of Rental ULC Vehicles or from insurance in respect of Rental ULC Vehicles written off by Rental ULC or the related insurance provider as a result of a Casualty.
Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).
What are some examples of "disposition" in legal contracts? Will: "The will specifies the disposition of the deceased's assets to their heirs." Real Estate Purchase Agreement: "The buyer agrees to the disposition of the property upon closing the sale."
In the absence of any express statutory provision, the primary meaning of 'disposition' in relation to property is the transfer of an interest in (as contrasted with mere possession of) property.
Disposition means any sale, lease, transfer, assignment, conveyance, or other disposition of any Property, excluding the granting of a Lien; “Dispose” or similar terms shall have correlative meanings.
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Mar 29, 2021 · To calculate your gains or losses, you need to understand the definition of the phrase “proceeds of disposition.” You also need to know when the CRA requires you to report your proceeds of disposition and when it prefers an alternative figure.
