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Economy, and the Public Accounts: Taxes

Syndicate, parties privileged to finance public loans, etc. Tare, a deduction from the gross weight of goods on account of the package. Tariff, a cartel or list of duties on exports and imports. Taxes, charges or imposts for the support of the government in its various departments of administration. Direct Taxes are fixed money payments called for periodically by the tax-gatherers. Indirect Taxes are those imposed on imports, exports, or manufactures.

Tontine, the system of raising a loan by granting a life annuity to a number of persons with the benefit of survivorship, so that it is shared among those living till at last it falls to one.

Tret, a deduction in the weight of certain goods of 4 lbs. on every 104 lbs. for dust, etc.

Trover, Eng., an action for recovery of personal property (by fiction of law) found or appropriated by another, or for damages; and so differing from Detinue, an action for detention of property, under which only the chattel is recoverable. Troy, a name given to the English weight for gold and silver. Truck System, paying workmen in goods instead of money. Ullage, is what a cask wants of being full.

Usance, the time allowed for payment of bill of exchange. Value, in Political Economy, a relative term denoting the general power of purchasing possessed by any article or commodity, or the command which its possession gives over purchasable commodities in general. Price is the value of a thing in relation to money.

Vendor, in Commercial Law, is a person who sells; the buyer is termed a vendee. Vidimus, Scot., a brief sketch or abstract of an account. Wages, the remuneration paid to the laborer for his exertions. Nominal wages are those which he receives in the current money of the country. Real Wages are the necessaries, conveniences, and luxuries of life, which the wages of the laborer enable him to command. The rate of wages depends upon the supply and demand of labor; or on the proportion between those who work for hire and the capital expended in the purchase of labor.

Warranty, in Marine Insurance, an express or implied condition relating to the subject insured, which, if not true or not complied with, defeats the insurance. Ways and Means, the annual duties and other items of public revenue applicable to the national expenditure, as exhibited in the annual estimates submitted by the Chancellor of Exchequer to the House of Commons.

Wealth, in Political Economy, the material objects necessary, useful, or agreeable to man, which have required some portion of human exertion to appropriate or produce. Writ of Extent, a statutory proceeding for the recovery of the public revenue by attachment, appraisement, and sale of the property against which it is directed.