CFR > Title 26 > Chapter I > Subchapter D > Part 157 > Subpart A – Tax On Structured Settlement Factoring Transactions
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| § 157.5891-1 | Imposition of excise tax on structured settlement factoring transactions |
Terms Used In CFR > Title 26 > Chapter I > Subchapter D > Part 157 > Subpart A - Tax On Structured Settlement Factoring Transactions
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Statute: A law passed by a legislature.