Meaning a lower limit before something takes effect. For example, a de minimis of £5000 applies to certain low interest loans made by employers. If the total of these loans to an individual is below this de minimis limit, there is no taxable benefit.
The amount of discount, sometimes referred to as the “cut-off price,” at which an original issue discount bond is exempt from the investor's obligation to accrue income in advance of being received under income tax rules applicable to such securities. The exemption applies only when the original issue discount is very small ( i.e., de minimis).
A rate of emissions less than or equal to any of the emission rates listed in part 63.44 [59 FR 15505 (April 1, 1994)] or a rate of emissions that is less than or equal to 10 tons per year HAP and for which a State or local reviewing agency has approved a case-by-case demonstration that ambient impacts are de minimis. CA / Fed
A legal term for an amount that is small enough to be ignored, too small to be taken seriously. Used to restrict legal provisions, including laws regarding international trade, to amounts of activity or trade that are not trivially small.
level: Comprehensive (3) [ order by level] Describes a situation in which the court regards the infringement on a right to be so minimal that a legal remedy is not needed to prohibit or remedy the infraction.
As used for solvents, the de minimis threshold is a level below which trace impurities or minor constituents in a product do not need to be reported. Under a number of Glossary of Key Regulatory Terms for the Solvents Industry Page 2 regulatory programs that require reporting of hazardous air pollutants (HAPs) or other regulated compounds that may be present in solvents and other products, the de minimis threshold is 0.1 percent (by weight) for defined carcinogens and 1.0 percent for other compounds.
a small amount which is ignored, e.g. if the de minimis amount is £1, charges less than £1 will not be collected .
Latin for "of little importance." For 457 plans, (1) accounts of less than $1,000 will be distributed to the participant at RC's discretion if certain conditions have been met (can be prior to separation from service) or (2) accounts of $1,000 to $5,000 may be distributed to the participant at the request of the participant or employer if certain conditions have been met (can be prior to separation from service). (See small balance withdrawals.)
Short for the latin phrase, de minimis non curat lex, which means the law does not concern itself about trifles. This phrase may be used to describe a violation of law which is so small that it is not worth litigating.
Trifling or minimal; A fact or thing so insignificant that a court may overlook it in deciding an issue or case.
A legal doctrine that means the harm is so minimal, it is not worth the effort for a court to deal with it. In copyright law, the doctrine may be used where the amount of copying, for instance, is inconsequential or unrecognizable.
Anything that is too insignificant to merit legal scrutiny, such as a fringe benefit that is provided occasionally and is too small to justify accounting for or recording it. This does not apply to cash or cash equivalents except in very specific instances such as supper money.
an abbreviation of a longer Latin phrase "de minimis non curat lex" which literally means the law is not concerned with trivial matters. The phrase is generally used as a way of categorizing that which is not worth litigating over.
A copyright infringement claim is de minimis if the use of the copyrighted material is unsubstantial: the amount of copyrighted material used is extremely small and the copyrighted work is not recognizable.
Latin for “of little importance.” A 401 or 457 participant account containing a vested amount of $3,500 or less ($5,000 or less, effective for plan years beginning September 1, 1997) at termination. 401 participants with a “de minimis” balance are required, upon termination or retirement, to take a lump sum payment as soon as possible. 457 participants who have a “de minimis” balance and meet certain other criteria, may voluntarily request a lump sum payment upon termination or retirement while still employed or have their employer request this payment. See “small balance withdrawals.
A lower limit below you need not do something. For example, if you have given your children money and they receive interest on that money, you do not need to include that income on your Tax Return if it is less than a de minimis limit of £100.
