Legal Articles

Only economic activities measurable in money are recorded, as money is the common medium of exchange and is the sole accounting unit of measurement in this type of concept.

Seller’s agreement to return the buyer’s money if unsatisfied with the purchase within a set time period.

Security’s monetary yield based on a 365-day year with yearly, bi-yearly, or quarterly coupon issuings. Increments of hundredths of a percent are the basis points that indicate this yield. Also known as bond equivalent yield.

A single molecule used in a material or substance. It gets combined with other monomers to become a polymer.

Average monthly consumption or sales divided into the inventory amount at hand.

Morgan Stanley was founded in 1935 by Henry S. Morgan and Harold Stanley. In 2008, the company converted from an investment bank to a bank holding company during a global credit crisis. International financial firm, specializing in investment and other services to entities of all sizes. Recognized as a world-leading investment bank. Employs thousands of financial professionals world-wide, serving as their broker dealer. Institutional securities, investment management, and global wealth management its primary focus.

Signed document by a borrower-mortgagor giving a lender-mortgagee the right to claim and sell the collateral-mortgaged property a default on the loan agreement occurs. It is not an absolute sale, only a conditional bill of sale. The mortgagor continues to hold the property and has the right to redeem it on complete debt repayment.

Borrowers seeking to buy a home use this money-source entity for loans.

Designed to boost housing, various lending agencies and governments issue this type of bond. Bond proceeds are used to get mortgages from lenders. The mortgage payments pay the mortgage interest and principal as well as the original bond.

Term for motor hotel. Road-side, overnight accommodations facility. Offers little or no amenities other than parking space, like attached bathroom or room service.

A method requiring re-calculating a new weighted average cost after each purchase. This determines each sale’s cost before the next purchase. If a perpetual inventory system is the business’s standard, this method is used.

A contract that covers more than one danger as this type of policies.

A collective bargaining agreement requires more than one employer to contribute or develop this specific type of plan.

An entity managed from one home country and in business in several countries. A company or group is considered a multinational corporation if deriving 25% of revenue from out-of-home-country operations.

An HMO, PPO, or a major health plan are employee choices under this specific type of plan.

A tax agency working with multi-state / multi-national businesses to assist with any tax-related questions or concerns. he appropriate entities are insured that proper taxes are paid on-time.

Causes permanent genetic change, a mutation, in a cell due to genetic alterations or gene loss or chromosome loss. Cancer development is just one ending in an event-sequence in the early stages of such mutations. Biological, chemical, or physical agent, process, or substance can be a mutagen, causing events other than which occurs during normal cell growth.

A building society or friendly society are examples of this type of member-owned organization managed for their benefit.