NON-INTEREST EXPENSE
Obligations such as wages that have to be fulfilled, without worrying about interest accrual.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Obligations such as wages that have to be fulfilled, without worrying about interest accrual.
An asset or investment such as interest income from a fixed deposit, that generates additional income for a business, but is not a part of the operation of the business.
Costs such as the administration costs that are a non-contributing factor to the manufacturing cost of a product.
Natural resources such as gas, coal, etc that can be consumed only once and hence are irreplaceable. Currently, most of the energy resources that we use are non-renewable. The renewable resources are
A balance sheet based on the concept that equal value should be placed on a firm’s intellectual and physical assets. As such, it assigns an arbitary value to intellectual assets, intellectual capital
The classification of group industries into 20 sectors, which are further classified into 1,170 industries based on the establishment type. The identification is through the assignment of a 6 digit code. For
Refers to an individual belonging to the notary exercising his official authority. For example, the authentication of a document is guaranteed by the placement of the notarial seal on it.
1. Finance: A statement notifying the financial institution of the account holder’s intent to withdraw funds. 2. Legal: A statement or notice that is addressed to a partnership or the other parties
A proposal that has to be verified before its acceptane or rejection to favor a relative proposal. A common null hypothesis states the absence the absence of a relationship between the two
Code that is outputed by the compiler program. Similar to the machine code sometimes, it is usually in a form that requires translation by another program.
The noncompliance with the legal system by interfering with (1) the law administration or procedures, (2) not fully disclosing information or falsifying statements, and (3) inflicting damage on an officer, juror or
Assets or liabilities that have yet to be realized and hence do form a part of the balance sheet. it is included in the balance sheet only when it becomes actual.
A taxpayer can pay an amount less than the amount owed for tax liabilities, under this agreement between the IRS and the taxpayer. This only comes into effect if the IRS gets
The duties and responsibilities that accompanies one’s position in office. It differs from moral responsibility in the sense that more than one individual cannot hold an official responsibility and it can thus
A country or area that has few restrictions on businesses located there and negligible income tax, which is different from an individual’s home country. Offshore havens provide various services such as international
The location, either onshore or offshore where oil wells are found.
When spending is within previously established limits.
This is an expense that, once completed, will not usually be incurred again. This might be a one-time project or acquisition, like a computer. This purchase might last for more than one
Any improvements to a building or property that will increase its re-sale value.
Relating to public access and community development. Often involves an open source culture.