prospective

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prospective

adjective abeyant, about to be, approaching, arranged, awaited, close at hand, coming, conceivable, considered, destined, earmarked, eventual, expectant, expected, foreseen, forthcoming, future, hoped for, imaginable, immediate, impending, in prospect, in store, in view, intended, likely, looked for, looming, on the horizon, planned, potential, preparing, projected, promised, scheduled, soon to be, soon to happen, subsequent, to be, to come, ultimate, upcoming
Associated concepts: prospective contract, prospective liaailities, prospective relief, prospective rights
Foreign phrases: Nova constitutio futuris formam immonere debet non praeteritis.A new law ought to affect the future, not what is past. Lex prospicit, non respicit. The law looks forward, not backward.

LAW, PROSPECTIVE. One which provides for, and regulates the future acts of men, and does not interfere in any way with what has past.

PROSPECTIVE. That which is applicable to the future; it is used in opposition to retrospective. To be just, a law ought always to be prospective. 1 Bouv. Inst. n. 116.

References in periodicals archive ?

The conferees agreed that to assess the effects of contaminants in breast milk on child health and development, it will be necessary to examine children prospectively over many years in longitudinal epidemiologic studies that use standardized examination protocols and that specifically assess exposures to environmental contaminants via breast milk.

Chemical contaminants in breast milk and their impacts on children's health: an overview. (Chemical contaminants in breast milk: mini-monograph)

The Court in ATA/Smith theorized that stare decisis justified applying the new rule prospectively only, if the existing tax statutes were valid under prior law.

If retroactivity is a substantive issue governed by stare decisis, then where a tax refund is being claimed, the result is assumed if the Supreme Court has held that the new rule is to be applied prospectively only; no refund need be granted.

At no point, however, does McKesson explicitly deal with the conflict that would arise if a tax refund claimant were denied a refund on the ground that its newly established constitutional right was to be applied prospectively only.

Assuming that the threshold "new law" test of Chevron Oil and ATA/Smith would be satisfied, the equities favoring its application prospectively only appear to be significant.

It also tempts the Court to soften the effect of overruling Bellas Hess by deciding the case prospectively.

392 (1983) (discriminatory tax on income from federal obligations violates federal immunity), should be applied prospectively.

Beam resolves taxpayer claims under Davis but Quill raises new prospectivity issue

an executive who retires and is subject to a consulting agreement) will be treated as nonemployee options prospectively from the date of the change.

Accounting treatment of option plans

Such change would be made prospectively, provide audit protection and be done on a cut-off basis.

Three IRS papers on LIFO inventory

Third graph, second sentence should read: Prospectively, A.

A.M. Best Affirms Ratings of Zurich Financial Services

Best will prospectively monitor the size and volume of future investments with similar characteristics to determine the appropriateness of such holdings in the context of MassMutual's current ratings.

A.M. Best Comments on MassMutual's Investment in Scottish Re

NEW YORK -- The Ad Hoc Committee of Noteholders of PHH Corporation (NYSE: PHH), whose members are financial institutions which collectively hold an aggregate of more than $300 million of PHH's publicly issued Medium Term Notes, announced today that it has organized in order to negotiate with the Company the terms of the noteholder tender and consent solicitation which the Company prospectively announced on July 25th.