NON-REPUDIATION
1. General: The intention to be liable to one’s obligation according to a contract and expect the the obligee to honor the contract with performance deliverence. 2. Electronic Commerce: Be liable to
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. General: The intention to be liable to one’s obligation according to a contract and expect the the obligee to honor the contract with performance deliverence. 2. Electronic Commerce: Be liable to
A land right which was not exercised within the statutory period. A continued use of the land will result in having to give up ownership
A latin term for ‘it is known by the company it keeps’, it is the concept that the intended meaning of an ambiguous word depends on the context in which it is
The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.
An order by the court mandating an individual’s presence at the hearing on the specified date.
The allocation of a unique number to identify an account holder instead of his name. All banks follow this system of allocation and reference.
A technology developed by Microsoft that allows for information from different media to be inserted into another file through two methods. (1) Linking: The files involved are separate, But through a link,
Diseases or disorders to the health caused due to an involvement in a particular occupation. Reffered to as industrial disease, it causes cancers in workers in the chemical industry, and other such
The financial contribution of sources that are neither equity investors or lenders, and thus are not included in the presentation of the asset and liability balance sheet. Through the use of OBSF,a
The use of automated machines to carry out tasks that would otherwise require a person with clerical skills to communicate, document and complete tasks.
1. A person or a group of individuals who are tasked with assuming the responsibility for the control and regulation of an activity that is fair to all participating parties. They are
Work completed at a much lower cost for the company by the people in another country. Also, offshore outsourcing is used to accomplish tasks that the company is sometimes ill-equipped to deal
Stated by US economics professor Arthur M. Okun, the law defines the relationship between a fall in Gross National Product and unemployment. It states that unemployment increases by one percent for every
Using advanced printing technology, ODP can produce a commercial quality print run of up to a few hundred copies in just a few hours.
This is a system that captures all data when a transaction is made. Erasing the need to copy information later makes this an efficient system.
Branch of metaphysics concerned with the study of being and the nature of existence. Also describes the assumed components of a categorisation system, concept or theory.
Firms with shares that are publicly traded, not owned by a small number of investors. This is the opposite of a closed corporation.
A ticket that covers travel from the port of departure to one destination, and return travel to the port of departure from a different destination (e.g. Newcastle-Melbourne / Perth-Newcastle). The passenger is
Open shop firms may be any of the following: 1. Firms that don?t require employees to be members of a union, 2. Firms that refuse to deal with unions, 3. Firms where
The first bookkeeping entries of a new firm, account or accounting period.