CURRENT - Black's Law Dictionary

What is CURRENT? Definition of CURRENT in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.

Running; now in transit; whatever is at present in course of passage; as "the cur- rent month." Wharton v. Morris, 1 Dail. 124, 1 L.Ed. 65; Miller v. White, Tex.Civ.App., 264 S.W. 176, 178; Richardson v. Board of Education of City of Ashland, 208 Ky. 464, 271 S.W. 549, 550; American Fruit Growers v. United States, C.C.A. Cal., 105 F.2d 722, 726.

A continuous movement in the same direction, as a fluid or stream. Buckeye Incubator Co. v. Blum, D.C.Ohio, 17 F.2d 456, 458.

Passing in time or belonging to the time actual- ly passing, now passing, present in its course, as the current month, and as applied to current ob- ligations it denotes the obligations then passing or present in its progress, the service rendered and the compensation therefor measured by the time of the occurrence of the event. Pecos Mer- cantile Co. v. Texlite, Inc., Tex.Civ.App., 65 S.W.2d 811, 812.

The word "current," when used as an adjective, has many meanings, and definition depends largely on word which it modifies, or subject-matter with which it is asso- ciated. Commissioner of Internal Revenue v. Keller, C.C.A., 59 F.2d 499, 501.

More On This Topic: CURRENT OBLIGATIONS 

---
That's the definition of CURRENT in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.

Official tim editorial.