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Mill

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 classic literature ?
Behold me, on my gallant grey, bending at the side of Miss Mills, with my hand upon the carriage door!
What could I do but tell Miss Mills, with grateful looks and fervent words, how much I appreciated her good offices, and what an inestimable value I set upon her friendship!
Then Miss Mills benignantly dismissed me, saying, 'Go back to Dora
But my father died, and I came to work in the mills.
There are the jute mills, you know, and the same thing goes on there.
If I tried to enter your father's house at night to steal his dividends from the Sierra Mills, what would he do?
It is pleasant to find that many of its Tales are of the Mills and of those who work in them; that they inculcate habits of self-denial and contentment, and teach good doctrines of enlarged benevolence.
Many of the circumstances whose strong influence has been at work for years in our manufacturing towns have not arisen here; and there is no manufacturing population in Lowell, so to speak: for these girls (often the daughters of small farmers) come from other States, remain a few years in the mills, and then go home for good.
I happened to arrive at the first factory just as the dinner hour was over, and the girls were returning to their work; indeed the stairs of the mill were thronged with them as I ascended.
As Miss Mills spoke in her motherly tone, and cast a proud and happy look toward the warm and quiet nest in which she had sheltered this friendless little sparrow, feeling sure that God meant her to keep it from falling to the ground, Polly put both arms about her neck, and kissed her withered cheek with as much loving reverence as if she had been a splendid saint, for in the likeness of this plain old maid she saw the lovely charity that blesses and saves the world.
Dear Miss Mills, tell me what to do, let me help you, I 'm ready for anything," said Polly, very humbly, for her own troubles looked so small and foolish beside the stern hardships which had nearly had so tragical an end, that she felt heartily ashamed of herself, and quite burned to atone for them.
Miss, Mills stopped to stroke the fresh cheek opposite, to smile, and say, "Then, Polly, I think I 'll ask you to go in and say a friendly word to my little girl.