NON-DISCHARGEABLE DEBT
A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.
Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features.
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.
1. Agricultural Financing: In the event of crop fails or insufficient crops which results in the failing of the collateral, the lender cannot claim the loan amount from the borrower. Government schemes
A continuous journey between the source point and the destination.
Depending on the balance sheet classification as credit balances or debit balances, the normal account balance is the expected balance of such particular accounts. Usually, assets have debit balances and liabilities have
A evaluative rather a descriptive approach used to determine the degree of conformity to the standard norms or recommendations. For example, normative data is used to understand the underlying phenomenon rather than
When members of a community unite together to oppose the establishment that is not desired due to the hazardous nature of their activities, and sometimes against the establishment of institutions such as
Written undertakings stating the amount of money payable at a future date. If it is due withing 12 months, it is considered as current of the balance sheet date and non-current if
When negotiations break down between the employer and the recognized trade union, this statement to the related government agencies filed by the employer acts as a notification to stop business activities and
The address of the cosignee who is to be notified of the shipment’s arrival.
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
By not owning the underlying asset and having the call’s exercise value amount deposited n a cash account the option writer has this specific type of exposed short call trading position. Contrast
Narcotic substance inhalation or ingestion produces this specific type of stupor, arrested activity, even unconsciousness.
Originally founded in 1895, this is a manufacturing companies’ advocate organization assisting their employees. This organization aids domestic manufacturers export product, and helped organize our current U.S. Commerce Department.
Income loss, maternity, and sickness benefits, and retirement pension are covered by this government-operated social security scheme, and provided to the working population. Regular contributions based on wage or salary level from
A company may use this for its fiscal year, replacing the calendar year. A 12-month term beginning at the business operations’ start date is this type of year.
365 days or 12 months period ending after any date.