In: Finance
what is the plain-meaning rule?
Plane meaning rule is a type of statutory construction in which statutes are to be interpreted by the ordinary meaning of the language of the statute. This will not be providing any scope for ambiguity.
Plain meaning rule is an ambiguous and plain rule which is providing for no scope for ambiguity and it is interpreted by the ordinary meaning and it is also helping in easy decision making for the court because there is no scope for being prejudiced.