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intendment

   Also found in: Dictionary/thesaurus 0.03 sec.
See: animus, end, intent, plan


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? Mentioned in ? References in periodicals archive
 
a mere promise to pay, not represented by notes or secured in any way, is not regarded as a receipt of income within the intendment of the cash receipts method .
I happen to agree with the conclusions of your editorial and I admire Feinberg's compassion, but even more so, I believe that the rule of law requires one to carry out a valid, if flawed, mandate according to its plain intendment.
Under IRS Revenue Ruling 60-31, "(a) mere promise to pay, hot represented by notes or secured in any way, is not regarded as a receipt of income within the intendment of the cash receipts and disbursements method.
 
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