Holding
Gold Coast's deductions were proper, as its liability to members became fixed upon their accumulation of the minimum number of club points whether or not they chose to redeem them and because the amount of liability was known with reasonable certainty.
Read more about this topic: Gold Coast Hotel & Casino V. United States
Famous quotes containing the word holding:
“It’s frightening how easy it is to commit murder in America. Just a drink too much. I can see myself doing it. In England, one feels all the social restraints holding one back. But here, anything can happen.”
—W.H. (Wystan Hugh)
“O, she walked unaware of her own increasing beauty
That was holding men’s thoughts from market or plough,”
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“The best part of myself, that’s what you are. Do you think I’m going to leave it to the vulgar pawing of a second-rate detective who thinks you’re a “dame”? Do you think I could bear the thought of him holding you in his arms, kissing you, loving you?”
—Jay Dratler, U.S. screenwriter, Samuel Hoffenstein (1889–1947)