What is meant by pecuniary interest?
relating to money: pecuniary advantage/benefit/interest Prosecution lawyers argued that the Chairman had a pecuniary interest in the deal.
What is a disclosable pecuniary interest?
$ disclosable pecuniary interest is broadly defined as including: • Business interests (for example employment, trade, profession, contracts or any company with which a person is associated) • Wider financial interests (for example trust funds, investments and. assets including land and property)
What is a register of pecuniary interests?
Governors and staff should declare any links they have with local firms from which the school may wish to buy goods or services. It is important for anyone involved in spending public money to demonstrate that they do not benefit personally from decisions that they make.
What does pecuniary amount mean?
1 : consisting of or measured in money pecuniary aid pecuniary gifts. 2 : of or relating to money pecuniary needs pecuniary rewards.
Can people be pecuniary?
What is Pecuniary in the Legal System. As a legal term, pecuniary refers to something that is in the form of money. People can have a pecuniary interest in something, meaning their interest can be measured in dollars.
What are non pecuniary interests?
non-pecuniary interests are ‘private or personal interests’ that ‘commonly arise out of family or personal relationship, or involvement in sporting, social or other cultural groups and associations’. ( clause 7.10) if a council official has a non-pecuniary interest that conflicts with his or her.
What are business interests?
A business interest is the involvement of an individual or their family members in any trade or profession, along with any direct interest they may have in any company providing goods or services to the school. For example, if a Governor runs their own building company or provides training courses for teaching staff.
What are examples of business interests?
Examples of Common Business Interests
- Charitable Organizations.
- Churches and Religious Organizations.
- Private Foundations.
- Political Organizations.
- Other Nonprofits. Lifecycle of an Exempt Organization. Requirements for Exemption. Application for recognition of exemption.
What is a pecuniary formula?
When a pecuniary formula is used in a trust document, the formula identifies and guarantees a specific sum to the marital trust share or family trust share of an estate plan by stating that the share will be funded with an amount that will result in the least amount of federal estate taxes.
What is a pecuniary damage?
The literal definition of the word pecuniary is “relating to money.” When we discuss pecuniary damages or losses in a personal injury case, we are talking about those damages that we can quantify in financial terms. Another term you may hear to describe pecuniary losses is “economic damages.”
What is a pecuniary person?
adjective. of or relating to money: pecuniary difficulties. consisting of or given or exacted in money or monetary payments: pecuniary tributes. (of a crime, violation, etc.) involving a money penalty or fine.
What is a pecuniary conflict of interest?
A pecuniary conflict of interest, as defined in Section 442 of the Act “…is an interest that a person has in a matter because of a reasonable likelihood or expectation of appreciable financial gain or loss to the person”.