Ads
related to: period of fractional part x release of liability due to change of status
Search results
Results From The WOW.Com Content Network
Furthermore, when a part is installed as addition, modification or replacement, exemption for claims of liability arising out of this part kicks in 18 years after installation of that part. So a 20-year-old aircraft may still be the object of a successful suit against a manufacturer in regards of manufacturer modifications or parts installed ...
Deferred tax is a notional asset or liability to reflect corporate income taxation on a basis that is the same or more similar to recognition of profits than the taxation treatment. Deferred tax liabilities can arise as a result of corporate taxation treatment of capital expenditure being more rapid than the accounting depreciation treatment.
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
Peak/Busy period access – Popular holidays and heavy travel dates are considered peak or busy periods when demand is the highest, which can exceed the company's available aircraft. Accordingly, service levels are reduced by lengthening call-out periods, disapplying guarantees, and applying restrictions, all of which are more stringently ...
Failure rate is the frequency with which any system or component fails, expressed in failures per unit of time. It thus depends on the system conditions, time interval, and total number of systems under study. [1]
If a liability is currently due in fewer than twelve months and is in the process of being refinanced so that it is due after a year, then a company can record this debt in long-term investments. [2] Additionally, if a liability is to be covered by a long-term investment, it can be recorded as a long-term liability even if it is due in the ...
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [1] The value delivered to settle a liability may be in the form of assets transferred or services performed.
Product liability, environmental clean-up, employment law and criminal law are some of the areas in which successor liability may enter into play. [4] Thus, it is an important component of the legal system that supports the structural change needed in dynamic business sectors while also protecting individual and societal interests.