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Encyclopedia Britannica



TAXATION

This article appears in Volume V02, Page 780 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: TAV-THE
TAXATION and VALUATION). It iS alSO applied to the amount of
damages
  fixed by a jury in a
court
  of law (see
DAMAGES
 ).
An
assessment
  committee is a statutory committee appointed under the
Union
 
Assessment
  Acts 1862, 188o, for the purpose of making out the valuation lists upon which the poor-law
rate
  is based.
An assessment policy, in
life
 
insurance
 , is a policy issued at a fixed premium, the excess of which over the portion necessary to meet current claims and expenses goes to form a reserve fund which is devoted to various forms of benefit for the policy-
holders. See
INSURANCE
  and FRIENDLY
SOCIETIES
 .


End of Article: TAXATION


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