flash title definition

flash title means a supply of movable goods by a vendor to a recipient and that recipient subsequently supplies the movable goods to another recipient and ownership of the goods vests in the first-mentioned recipient only for a moment before the goods are sold to such other recipient;
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flash title means a supply of movable goods by a vendor to a qualifying purchaser contemplated in paragraph (f) of the definition of "qualifying purchaser" and that qualifying purchaser subsequently supplies the movable goods to another qualifying purchaser and ownership of the goods vests in the first mentioned qualifying purchaser only for a moment before the goods are sold to such other qualifying purchaser;
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Related to flash title

  • Rotogravure coating means the application of a coating material to a substrate by means of a roll coating technique in which the pattern to be applied is recessed relative to the non-image area, and the coating material is picked up in these recessed areas and is transferred to the substrate.

  • Furniture coating means any paint designed for application to room furnishings including, but not limited to, cabinets (kitchen, bath and vanity), tables, chairs, beds, and sofas.

  • Direct filtration means a series of processes including coagulation and filtration but excluding sedimentation resulting in substantial particulate removal.

  • medium voltage means the set of nominal voltage levels that lie above low voltage and below high voltage in the range of 1 kV < Un 44 kV. [SANS 1019]

  • Vapor tight means equipment that allows no loss of vapors. Compliance with vapor-tight requirements can be determined by checking to ensure that the concentration at a potential leak source is not equal to or greater than 100 percent of the lower explosive limit (LEL) when measured with a combustible gas detector, calibrated with propane, at a distance of 1 inch (2.54 cm) from the source.