DILIGENT
a word that means to be concerned, eager to carry out a responsible act, untiring
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
a word that means to be concerned, eager to carry out a responsible act, untiring
a word that means to be of unsound mind or to incompetent mentally.
the determination as to negligence and whether it was slight, moderate or wilful. The more wilful means a greater penalty will be imposed.
This term applies to a person with debt who will squander his money and not pay his creditors.
The losses less than $2000 that are added to discounted value of a larger loss. It compares total loss in a certain business. It is used in workers compenstation ratings.
The balance of debit without credit that is written off.
The number assigned by Dun & Bradstreet that is four digits. It identifies affiliates and subsidaries.
The date when a project is to be complete to be used for its intended purpose. The contract lists the requirements for this date.
The way an accountant makes sure that day’s business is recorded in the correct day. It is a part of operations. Refer to monthend closing and yearend closing.
A standard that is accepted but is not defined by the industry groups and their organizations.
The steady flow of business acquisitions when quantity lets you pick the best one based on your criteria.
A system agents use for policy premiums on a weekly or montly basis.
The percent of assets that are financed by debt. It is highly leveraged if the ratio is high.
A computer system that makes predictions. The relationships are mapped to understand why they are made and to control the results. It can also predict the result if a choice is made.
The planned removal or closing of a building or equipment.
A document where ownership of property is sold to a buyer. AKA transfer deed.
More income tax on a statement over the taxed amount. It happens when book incomes is more than taxable income. It is liablity on balance sheet and is written off.
An element of a project that has been established.
The uncertainty in a situation that the result will differ from the estimate. Refer to law of large numbers, odds, and probability.
A loan feature that lets the borrower withdraw amounts at predefined times.