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One-tenth of one cent: $0.001. A mill rate is used by many localities to compute property taxes. For example, some states levy a one-time nonrecurring tax of two mills per dollar (0.2%) on the fair market value of all notes, bonds, and other obligations for payment of money that are secured by mortgage, deed of trust, or other lien on real property in lieu of all other taxes on such property.

MILL, estates. Mills are so very different and various, that it is not easy to give a definition of the term. They are used for the purpose of grinding and pulverising grain and other matters, to extract the juices of vegetables, to make various articles of manufacture. They take their names from the uses to which they are employed, hence we have paper-mills, fulling-mills, iron-mills, oil-mills, saw-mills, &c. In another respect their kinds are various; they are either fixed to the freehold or not. Those which are a part of the freehold, are either watermills, wind-mills, steam- mills, &c.; those which are not so fixed, are hand-mills, and are merely personal property. Those which are fixed, and make a part of the freehold, are buildings with machinery calculated to obtain the object proposed in their erection.
     2. It has been held that the grant of a mill; and its appurtenances, even without the land, carries the whole right of water enjoyed by the grantor, as necessary to its use, and as a necessary incident. Cro. Jac. 121, And a devise of a mill carries the land used with it, and the right to use the water. 1 Serg. & Rawle, 169; and see 5 Serg. & Rawle, 107; 2 Caine's Ca. 87; 10 Serg. & Rawle, 63; 1 Penna. R. 402; 3 N. H. Rep. 190; 6 Greenl. R. 436; Id. 154; 7 Mass. Rep. 6; 5 Shepl. 281.
     3. A mill means not merely the building, in which the business is carried on, but includes the site, the dam, and other things annexed to the freehold, necessary for its beneficial enjoyment. 3 Mass R. 280. See Vide 6 Greenl. R. 436.
     4. Whether manufacturing machinery will pass under the grant of a mill must depend mainly on the circumstances of each case. 5 Eng. C. L. R. 168; S. C. 1 Brod. & Bing. 506. In England the law appears not to be settled. 1 Bell's Com. 754, note 4, 5th ed. In this note are given the opinions of Sir Samuel Romily and Mr. Leech, on a question whether a mortgage of a piece of land on which a mill was erected, would operate as a mortgage of the machinery. Sir Samuel was clearly of opinion that such a mortgage would bind the machinery, and Mr. Leech was of a directly opposite opinion.
     5. The American law on this subject, appears not to be entirely fixed. 1 Hill. Ab. 16; 1 Bailey's R. 540; 3 Kent, Com. 440; see Amos & Fer., on Fixt., 188, et seq.; 1 Atk. 165; 1 Ves. 348; Sugd. Vend. 30; 6 John. 5; 10 Serg. & Rawle, 63; 2 Watts & Serg. 116; 6 Greenl. 157; 20 Wend. 636; 1 H. Bl. 259, note; 17 S. & R. 415; 10 Amer. Jur. 58; 1 Misso. R. 620; 3 Mason, 464; 2 Watts & S. 390. Vide 15 Vin. Ab. 398; Dane's Ab. Index, h.t. 6 Cowen, 677.

MILL, money. An imaginary money, of which ten are equal to one cent, one hundred equal to a dime, and one thousand equal to a dollar. There is no coin of this denomination. Vide Coin; Money.

References in periodicals archive ?
All millable stripped canes of each plot were weighed together and stripped cane weight per plot was converted into the stripped cane yield (t ha-1).
The higher cane weight in paired row planting might be due to increase in number of internodes and length of internodes, millable height of cane, respectively.
Variety) was cultivated in autumn 2003-2007 to study the effect of Zn-chelate as well as Wuxal SuB Micro, Fetrilon Combi Wady, Algifert and Metalosate Multi on millable cane, sugar yield, purity, riches (sucrose /cane%) and rendment (sucrose /sugar recovery).
The data for different parameters such as cane thickness number of internodes per cane cane height millable canes per hectare and cane yield was recorded at harvest on plot basis and then converted into hectares.
Millable pressover techniques are used as the results are more durable than conventional bridges and because they allow the complete anatomical form to be created in fewer operations than manual manufacturing techniques.
The parameters studied during the period of experiment were biological yield of sugarcane, stripped cane yield, canola yield, number of millable canes, cane length and stem girth.
Only recently a few examples of millable PFPE polyurethanes fluoroelastomers have been described in the literature, with particular emphasis on their microstructure and viscoelastic behavior (18).
2010) who found a positive correlation between cane yield and each of number of millable stalks/ [m.
The number of stalks mean in this experiment can be considered below the expected values for number of millable canes, i.
Basi-cally, the project was so big that the author decided to make only one, the Western part of the model, which shows all the possible cell conditions and spatial configurations, consisting of 319 millable pieces.
These sealing devices, molded of liquid silicone rubber, improve design function and cost efficiency over similar parts using traditional millable gum processes, according to the company.