What is the meaning of pecuniary benefit?
What is the meaning of pecuniary benefit?
noun. law. financial advantage that is dishonestly obtained by deception and that constitutes a criminal offence.
What do pecuniary mean?
Definition of pecuniary 1 : consisting of or measured in money pecuniary aid pecuniary gifts. 2 : of or relating to money pecuniary needs pecuniary rewards.
What does pecuniary mean in law?
relating to money
The literal definition of the word pecuniary is “relating to money.” When we discuss pecuniary damages or losses in a personal injury case, we are talking about those damages that we can quantify in financial terms. Another term you may hear to describe pecuniary losses is “economic damages.”
What is the meaning of pecuniary interest?
“pecuniary interest” is an interest that a person has in a matter because of a reasonable likelihood or expectation of appreciable financial gain or loss to the person or another person with whom the person is associated as provided in section 183.
What is the opposite of pecuniary?
▲ Opposite of of, or relating to, money. nonfinancial.
What is the synonym of pecuniary?
In this page you can discover 9 synonyms, antonyms, idiomatic expressions, and related words for pecuniary, like: monetary, economic, , financial, commercial, fiscal, money, reversionary and non-monetary.
What is a pecuniary amount?
A pecuniary bequest is defined as a grant of a specified sum of money from a trust or estate. In its simplest form, a pecuniary bequest consists of a distribution of an amount of cash or a specific asset designated in the trust or estate document.
What is the difference between pecuniary and nonpecuniary?
Pecuniary damages are economic losses that can be easily quantifiable – money lost, future lost earnings, medical bills, etc. Non-pecuniary damages are things that have no clear monetary value that have been damaged by the defendant. These include mental anguish and pain and suffering.
What are pecuniary debts?
Pecuniary definition Requiring payment of money.
What is the best synonyms for pecuniary?
synonyms for pecuniary
- monetary.
- banking.
- budgeting.
- business.
- economic.
- fiscal.
How do you use pecuniary in a sentence?
Pecuniary sentence example
- His pecuniary troubles were now at an end.
- In 1840 he was appointed director of a Lehrerseminar, a post which relieved him from pecuniary troubles.
What is a pecuniary gift?
Pecuniary Gifts – A pecuniary gift is a specific sum of money. It can be a specific amount to a specific person, an amount split between a class of persons, a specific amount split between a class of persons or any combination of these. Problems can arise if there are insufficient assets to pay these.
What is a pecuniary trust?
A pecuniary trust is a gift of a specific amount of money. For example, “I give $ 100,000 to my Trustee, to hold in trust for my children”. Often, pecuniary gifts are expressed by use of a formula.
What is an example of a Nonpecuniary benefit?
Company sponsorship of a local charity is an example of a nonpecuniary benefit.
What do you call any pecuniary and nonpecuniary losses including loss of profits and employment?
Compensation is for any pecuniary and nonpecuniary losses, including loss of profits and employment.
What does non pecuniary mean?
Definition of nonpecuniary : not consisting of money nonpecuniary compensation allowable under law — U.S. Code.
What is a pecuniary gift in trust?
What is a gift left in a will called?
A gift left in a will is called a legacy If you want to leave a particular gift or item to someone then this is called a specific legacy. It should always be referred to in your will as “my”. For example, I give my engagement ring to X.
Does a trustee pay tax?
A trust is a relationship between the trustee and the beneficiaries. Unlike a company, a trust generally does not pay tax on trusts as it is not a separate legal entity. Instead, tax is paid either by the beneficiaries of the trust or the trustee.
Is a CEO an inside director?
Examples of inside directors are chief executive officers (CEOs), chief operating officer (COO), the chief financial officer (CFO) and the chief operating officer (COO). representatives of labour unions or major shareholders of a company can also become inside directors of the company.
