JOURNALIZING
A double entry bookkeeping system of financial data pertaining to a specific transaction, in a journal usually taken from a journal voucher. Needed transaction data: (1) date done; (2) debit amount and
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A double entry bookkeeping system of financial data pertaining to a specific transaction, in a journal usually taken from a journal voucher. Needed transaction data: (1) date done; (2) debit amount and
Direct marketing or direct mail that is unsolicited. For introducing new products, books and magazines, investment opportunities, merchandise catalogs. It is a very big business in industrialized countries, specifically the US, UK,
Fineness, as a measure of the purity, of gold. It also indicate gold proportion in an alloy. UK spelling of both carat and karat is carat. Germany spelling is karat. 24 karats
Organization’s and Labor market’s common jobs used to determine general pay scales. Clerks, drivers, janitors, and secretaries are examples of common jobs.
Because the economy is in recession, employers have low demands for their goods and services, situation exists where low wage-rates should drive to higher employment levels, but do not.
Upright, retail outlet display or entry-port in a large retail establishment or a shopping mall to assist customers.
Atlas of documents, files, databases, recordings of best practices or activities, or web pages as a organization’s internal or external repositories guide and inventory.
When an underwrite gives extra share when an investor agrees to buy on the secondary market. This is illegal and is called spinning.
Non-payment of rent and/or other charges gives rights to the lessor/owner to seize and sell a tenant’s assets.
A principle for making an individual liable for an accident for not avoiding the situation when a final clear opportunity presented itself.
Term coined by Maltese-born UK psychologist, Dr. Edward de Bono, in his 1970 book, ‘Lateral Thinking.’ Technique to generate Ideas and solve problems. New concepts-building looks for novel ways. Contrast logical, ‘vertical’
Biased judgment assuming that a small number of observations or data points can predict outcome from a larger sample population. Also refer to law of large numbers.
When a representative acts as leader of the board. Refer to presiding directory, residing director, and nonexecutive director.
Spacing between lines of text as a vertical amount. .
Tenant / renter / lessee-held real property on a fixed-term lease that returns to its freehold owner / lessor.
Intangible asset’s lawful duration. Patent or copyright is an example of such an asset. If an asset’s economic life is shorter than its legal life, the computed amortization uses the economic life.
It may or may not also be a depository institution. A bank, credit union, or finance company that makes loans.
Goods, services, space, agreed-to prices, terms, and time are all particulars documented in what becomes a binding contract once the associated parties all sign it.
Refuseal to comply with a stated contract requirement is documented in this written confirmation. Clearly states why and must suggest alternatives for resolution. A subcontractor or vendor not willing to disclose proprietary
Buyer interest for a specific product in a specific purchase decision as a degree of intensity.