carrying on business

   Pursuing a particular occupation on a continuous and substantial basis. There need not be a physical or visible business entity as such.

Business law dictionary. 2015.

Look at other dictionaries:

  • carrying on business — A routine and continuous involvement in an activity undertaken for the purpose of making profit. This can be accomplished with or without a physical or visible business entity. Category: Business, LLCs & Corporations → Business Accounting,… …   Law dictionary

  • carrying on business — A term with a meaning variable according to the context within which it appears and the circumstances under which it is used, but in any event it is something more than isolated transactions. Kirkwood v Gadd (Eng) [1910] A.C. 422, 432. It is the… …   Ballentine's law dictionary

  • expense in carrying on business — Usual or customary expenditure in course of conducting business during the year. Whitney v. Commissioner of Internal Revenue, C.C.A.N.Y., 73 F.2d 589, 591. See ordinary (ordinary expenses) …   Black's law dictionary

  • carrying cost — ➔ cost1 * * * carrying cost UK US noun [C] ► ACCOUNTING, COMMERCE the cost of storing goods before they are sold: »Pushing the ownership of inventory backwards to the supplier reduces inventory carrying costs for the customer. ► ACCOUNTING… …   Financial and business terms

  • carrying capacity — UK US noun [C, usually singular] ► TRANSPORT the total amount that something can hold or carry: »Low water levels meant that ships lost about 8,000 tons per trip about 11% of their carrying capacity. »About 155,000 vehicles use the bridge every… …   Financial and business terms

  • carrying amount — UK US noun [C, usually singular] ► ACCOUNTING BOOK VALUE(Cf. ↑book value) …   Financial and business terms

  • carrying charge — For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures markets, it refers to the differential between the yield on a cash… …   Financial and business terms

  • Business ecology — Business Ecology: Moving beyond Ecology As a Metaphor Current Definitions of Business Ecology The use of the term “business ecology” is not new. Yet, previous conceptualizations of the term have not yielded a meaning that sufficiently represents… …   Wikipedia

  • carrying charges — The cost of storing a physical commodity, consisting of interest on the invested funds, insurance, storage fees, and other incidental costs. Carrying costs are usually reflected in the difference between futures prices for different delivery… …   Financial and business terms

  • Carrying value — Book value. The New York Times Financial Glossary * * * carrying value UK US noun [C, usually singular] ► ACCOUNTING BOOK VALUE(Cf. ↑book value) …   Financial and business terms

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