Domicile meaning

Noun: domicile

Pronunciation: (‘do-mi,sI(-u)l)

Domicile meaning: 

• the residence where you have your permanent home or principal establishment and to where,whenever you are absent,you intend to return.
• House that someone is living in.

Synonyms: legal residence,abode,dwelling,habitation,home

Quotations: Ron Z. Mendelson – Although there are tax ramifications involved with offshore investment strategies, they can be mitigated by choosing to invest in markets that offer double taxation treaties, or by either establishing a domicile in the target country, or by creating an offshore investment structure that is designed to isolate offshore gains from domestic gains.

Horace Gray – Every citizen or subject of another country, while domiciled here, is within the allegiance and the protection, and consequently subject to the jurisdiction, of the United States.

Michael Moore  – We’re going to follow the laws wherever we’re domiciled. We operate under different rules and regulations in Hong Kong, for instance, in Korea.

Sample sentences:

• I think the bill is quite clearly unconstitutional. I believe the Supreme Court has already ruled dormitories can be considered domiciles.
• If the currency is going to weaken, the U.S. dollar, that is, it raises the prospect of expatriation of funds back to their home domiciles. That would bring some renewed pressure on the bond market.