What is BORROWED MONEY OR PROPERTY? Definition of BORROWED MONEY OR PROPERTY in Black's Law Dictionary
Notes and bonds given in payment of assets. Coal Co. v. United States, C.C.A.W.Va., 137 F.2d 948, 953. Credit by bank to payee's account of amount of customer's notes taken in lieu of cash. Department of Treasury (Gross Income Tax Division) v. Advance Paint Co., 222 Ind. 294, 53 N.E.2d 59. Profits loaned by partners to partnership. Nye v. U. S., C.C.A.Mass., 84 F.2d 457, 462.
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That's the definition of BORROWED MONEY OR PROPERTY in Black's Law Dictionary - Courtesy of Cekhukum.com.
