Eligibility for a grant

You are reading current version in effect from 5 July 2021
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You are reading current version in effect from 5 July 2021

Glossary terms

person

includes a body of persons (corporate or unincorporated)

Fund

means the fund established and maintained under rule 1.1 of the SRA Compensation Fund Rules.

partnership

means a body that is not a body corporate in which persons are, or are held out as, partners

turnover

means the amounts derived from the provision of goods and services in the most recent financial year, after deduction of:

  1. trade discounts;
  2. value added tax; and
  3. any other taxes based on the amounts so derived
asset

includes money, documents, wills, deeds, investments and other property

charity

has the meaning given in section 1 of the Charities Act 2011

trustee

includes a personal representative, and "trust" includes the duties of a personal representative

SRA

means the Solicitors Regulation Authority