Business inventories definition

Business inventories means all livestock and means personal
Business inventories means all livestock, inventories of finished goods and work in process, and personal property not under lease or rental, acquired, or produced solely for the purpose of sale or lease or for the purpose of consuming the property in producing for sale or lease a new article of tangible personal property of which the property becomes an ingredient or component.
Business inventories means all livestock and means personal property not under lease or rental, acquired or produced solely for the purpose of sale or lease, or for the purpose of consuming such property in producing for sale or lease a new article of tangible personal property of which such property becomes an ingredient or component. Business inventories shall not mean personal property acquired or produced for the purpose of lease or rental if such property was leased or rented at any time during the calendar year immediately preceding the year of assessment and was not thereafter remanufactured, nor shall it include property held within the normal course of business for lease or rental for periods of less than thirty days. It shall not include agricultural or horticultural property fully or partially exempt under RCW 84.36.470 ((or timber which is standing on public land and which is sold under a contract entered into after August 1, 1982)). It shall include inventories of finished goods and work in process. For purposes of this section, "remanufacturing" shall mean restoration of property to essentially original condition, but shall not mean normal maintenance or repairs.

Examples of Business inventories in a sentence

  • Business inventories, however, are exempt from prop- erty taxation under RCW 84.36.477.Following is a nonexclusive list of items that are exempt as household goods or furnishings if they are used in a resi- dence or place of abode but are fully taxable if they are used for business or commercial purposes.

  • Consistent with the manner in which revenue is recorded, Lafarge Target Business inventories relate to goods produced by Lafarge Target Business plant and not yet sold to a third-party customer and may be located at Lafarge NA distribution facilities which are not part of Lafarge Target Business.

  • Business Inventories Business inventories consist of items produced and held for future sale.

  • In April the clash is over as consumer confidence dropped to a four month low of 95.2 after a confident 101.3 in March.Inventories – Business inventories rose 0.3 percent in February while retail sales inventories rose 0.4 percent.Capacity Utilization – The weakness in overall industrialproduction in March meant the capacity utilization rate slipped to 78.4 percent versus 79 percent in February.

  • Business inventories rose in October and November, after falling in most months since a peak in February 2008.

  • In the FY 2021/22, the majority of off-budget support was received from UNICEF amounting to USD 56 million.

  • BUSINESS INVENTORIES - DEFINITION: Business inventories are exempt from ad valorem property taxation.

  • The April index was 69.2 compared to a revised 69.5 in March.Inventories - Business inventories increased in February as sales picked up, indicating factories will probably keep receiving orders as businesses rebuild stocks.Capacity Utilization – The capacity utilization for total industry was unchanged at 75.7 percent, a rate 5.4 percentage points below its long-run (1972-2010) average.Leading Economic Indicators - The leading economic indicators rose in March for a sixth straight month.

  • Consistent with the manner in which revenue is recorded, Lafarge Target Business inventories relate to goods produced by Lafarge Target Business plants and not yet sold to a third party customer and may be located at Lafarge NA distribution facilities which are not part of Lafarge Target Business.

  • On a structural or project basis, a wide variety of cultural organisations support the carillon culture: local heritage centres, municipal cultural centres and museums, etc.


More Definitions of Business inventories

Business inventories has the meaning set forth in Section 1.1(d).

Related to Business inventories

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Obsolete Inventory means items that have expired, are redundant or

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Business Intellectual Property means the Licensed Intellectual Property and the Owned Intellectual Property.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.

  • Distributor’s Equipment means the Fittings and Metering Equipment owned by the Distributor, the Distributor’s agent, or any other third party with whom the Distributor has contracted with for the use by the Distributor of the party’s Fittings or Metering Equipment that are from time to time installed in, over or on Consumer’s Premises;

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Business IP means all (i) Intellectual Property used in, held for use in, or necessary for the operation of the Company Group’s business as currently conducted and (ii) Company Intellectual Property.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Field emission equipment means equipment which uses an x-ray tube in which electron emission from the cathode is due solely to the action of an electric field.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Product Line means a group of related products manufactured by a single company, or offered by a company in their usual course of business.

  • Excluded Intellectual Property means any Intellectual Property (including Software, but excluding Trademarks), owned by Seller and its Affiliates as of the date hereof that is not Acquired IP.

  • GOODS / MATERIALS means any of the articles, materials, machinery, equipments, supplies, drawing, data and other property and all services including but not limited to design, delivery, installation, inspection, testing and commissioning specified or required to complete the order.

  • Company Intellectual Property Assets means all Intellectual Property Assets owned by the Company or used or held for use by the Company in the Business and all Products.

  • Analytical x-ray equipment means equipment used for x-ray diffraction or fluorescence analysis.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Intellectual Property Assets includes:

  • Gross Assets means the total of fixed assets and current assets;