bright-line


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Related to bright-line: bright-line spectrum, Bright line rule

bright-line

Especially in law, defined by clear terms, standards, and rules so as to avoid ambiguity or room for interpretation. Used especially as "bright-line rule" or "bright-line standard." After the economic crash, several bright-line rules were established.
References in periodicals archive ?
In 2002, the MTC created a uniform proposed law that states could adopt, as is or with modifications, to provide bright-line standards for when a nondomiciled business entity has nexus for business activity taxes in a state.
It should, however, be noted that the elimination of those bright-line tests will result going forward in most equipment leases being capital in nature as opposed to the present day operating lease treatment, which is not good news for the equipment leasing industry whose existence largely depends on its ability to skirt the existing bright-line tests) or Type B (similar to current GAAP operating leases).
Finally, Part III argues for a bright-line test that leaves artists unencumbered when they use realistic portrayal, while still preserving the right of publicity to combat false endorsement.
California couples this standard with a bright-line presumption much like Missouri.
Instead of a bright-line test, the "better view," according to the court, is that "the identity of the party making initial contact is just one factor among many [to] consider in drawing the line between solicitation," which violates the agreement, and mere "acceptance" of business from a customer, which does not.
Based on the plain meaning of the statute, the Court held that the legislature established a bright-line IQ standard of 70 from which it could not deviate.
Transaction costs incurred for services provided on or after the bright-line date are presumed to be facilitative and must be capitalized.
5) Thus, while Bilski leaves some ambiguity in terms of what qualifies for patent protection, it is clear that the Court has once again rejected a bright-line test offered by the Federal Circuit.
company over majority ownership of Russian oil company stock, Second Circuit confirms that RICO statute does not apply extraterritorially based on Supreme Court's recent bright-line test formulated in Morrison v.
Gant, a five-four decision of the United States Supreme Court essentially overturned a bright-line rule established in New York v.
Enactment of the bill would ensure fairness, minimize litigation, promote a level playing field for taxpayers by providing a bright-line standard governing taxation, and foster the kind of legally certain and stable business climate that encourages investment, expands interstate commerce, grows the economy, and creates new jobs.
Finally, Part III argues that the bright-line frozen clock rule has several advantages: it reduces uncertainty about the time window, promotes horizontal fairness across respondents, and ensures that every petitioner has the benefit of a full filing period.
Over the past 75 years, the court has developed a clear, undisturbed bright-line principle that a bond or similar debt obligation is subject to the referendum requirement only where it directly or indirectly obligates the local government to exercise its taxing powers.
Agency officials argue that establishing the new requirement will close a loophole and set a bright-line standard for U.
While there will be much change, the biggest change for CFOs and companies, claims Osnoss, is going to be around culture: "around getting people to get off the bright-line band-wagon and really starting to think about judgments.