Property retired definition

Property retired. , as applied to utility plant, means property which has been removed, sold, abandoned, destroyed, or which for any cause has been permanently withdrawn from service.
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Property retired means units of property which have been removed, sold, abandoned, destroyed, or which for any cause have been permanently withdrawn from service; also minor items of property not replaced.
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Property retired means assets which have been removed, sold, abandoned, destroyed, or which for any cause have been withdrawn from service and books of account.
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Examples of Property retired in a sentence

  • Property retired, as applied to electric plant, is property which has been removed, sold, abandoned, destroyed, or which for any cause has been withdrawn from service.

  • Property retired or otherwise disposed of is removed from the appropriate asset and related accumulated depreciation accounts.

  • Credits to reserve for depreciation: Depreciation sustained before March 1, 1913, on— Property retired before January 1, 1943 ............................................

  • As applied to any period, the term "Retirements" shall mean the aggregate cost of all Fixed Property retired by Exeter or the Company during such period (as the case may be).

  • All Bondable Property which shall be retired, abandoned, destroyed, released or otherwise disposed of shall be deemed Bondable Property retired, but as in this Indenture provided may at any time thereafter again become Bondable Property.

  • Credit adjustments: Depreciation sustained before March 1, 1913, on— Property retired before January 1, 1943 ...........

  • Units of Property retired from service shall be disposed of by the Operating Agent on the best available terms as soon as practicable.

  • The cost of Capital Improvements shall be determined in accordance with Appendix E.Units of Property retired from service shall disposed of by the Operating Agent on the best available terms as soon as practicable, and the proceeds, if any, received therefrom shall be credited or distributed to the Parties in proportion to their Responsibility for Costs associated with such units.

  • Property retired, as applied to electric plant, means property which has been removed, sold, abandoned, destroyed, or which for any cause has been withdrawn from service.

  • Property retired or sold is removed from the asset and accumulated depreciation accounts and the resulting gain or loss is reflected in income.


More Definitions of Property retired

Property retired. , as applied to utility plant, means property which has been removed,
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Property retired means units of
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Property retired means units ofproperty which have been removed, sold, abandoned, destroyed, or which 18 CFR Ch. I (4–1–01 Edition)for any cause have been withdrawn from service; also, minor items of prop- erty not replaced.
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Related to Property retired

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Retired means that an architect is not engaged in the practice of architecture or earning monetary compensation by providing professional architectural services in any licensing jurisdiction of the United States or a foreign country.

  • Disability retirement for plan 1 members, means the period

  • Continuing care retirement community means a residential

  • Disabled Veteran Business Enterprise (DVBE) means a business concern certified as a DVBE by the Office of Small Business Certification and Resources, Department of General Services.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Military spouse means a person who is married to a military service member.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Developmental disability means that condition defined in RCW 71A.10.020(5);

  • Developmental disabilities professional means a person who

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria:

  • Qualified Retirement means a retirement from Service by the Executive in which, at the time of such retirement, the sum of the Executive’s age and aggregate 12-month completed periods of Service (whether or not such completed 12-month periods are consecutive), in each case without giving credit for any partial years, equals or exceeds 75.