What is CIRCULATION? Definition of CIRCULATION in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
As used in statutes providing for taxes on the circulation of banks, this term includes all currency or circulating notes or bills, or certificates or bills intended to circulate as money. U. S. v. Wilson, 106 U.S. 620, 2 S.Ct. 85, 27 L. Ed. 310. As used in newspaper and magazine publishing businesses, a body of subscribers and an established advertising clientele. Meredith Pub. Co. v. Commissioner of Internal Revenue, C.C.A., 64 F.2d 890, 893. Reading of libelous document with defendant's consent in hearing of others. Myre v. State, 126 Tex.Cr.R. 157, 70 S.W.2d 428. Circulating medium. This term is more comprehensive than the term "money," as it is the medium of exchanges, or purchases and sales, whether it be gold or silver coin or any other article.
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That's the definition of CIRCULATION in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
