ORIGINAL BILL
A bill of exchange that has not yet attracted any endorsements.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A bill of exchange that has not yet attracted any endorsements.
Excluding net income, all other elements of comprehensive income.
Unavailable for a long time because major repair work is necessary.
1. The shape or boundary of an item or object. 2. A list of the key items in a document or plan, presented in the order they appear in the main document,
The delegation of non-core activities to outside agencies and contractors. Called contracting out, this allows businesses to benefit from specialist skill sets without paying for an in-house team, and it enables companies
This occurs when the value of a securing asset is far greater than the debt principal.
Liability acquired by a local government body in partly or fully financing programs or projects that fall under the jurisdiction of other government bodies.
Occurs when exchange rates overreact to changes in the short-term and equilibrium is only achieved in the long-term.
A transaction that involves the current owner of a property part financing its purchase by the buyer.
The price of an item which is estimated, and has no correlation to the market price. The sole purpose of the nominal price is to initiate a trade. It is used when
Data that contains significant information regarding the items being costed but does not include any information related to cost. Some examples include technical descriptions, schedules, etc
Absence when called upon by a court at the hearing
1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks
Several companies within the same field or industry who are independent but lack cooperation between each other.
An entity that is not affected by the influence of another individual’s discretion or preferences. For example, a budget or a contract states the non discretionary spending that ought to occur. Also,
Assets that have no physical attachment to a building. For example, a non attached garage or shed on a property.
1. A feature of economic and social systems that cannot be broken down into smaller parts and reassembled to obtain the initial system. It is characterized by unpredictability, random behaviour and approximation.
The benefits received in the form of a reimbursement when a medical service is delivered by a nonparticipating medical provider.
Documents which do not require to be filled and have no retention value. These can be drafts, memos or a copy for distribution.
The failure to fully examine the available data results in this type of audit risk. It also results from the incompetency on part of the auditor to spot a mistake or a