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Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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Provision of collective bargaining agreements stating that all parts of the agreement are contained and nothing has ben left out.
Term describing old debts bought to life by actions of collecting it.
Legislative process dividing land into zones for different uses such as industrial, open space, residential. See zonation.
Way of analyzing an assets swap.
Company created by Barry Minnow in the 1980’s that appeared to be successful but most of the profits were from crime , fraud or fabricated. Went public in 1986, bankrupt in 1987.
Term for the action of accepting an insurance application and insuring a risk.
Downward revision of an asset’s book value reflecting current drop in market value.
Accounting. Where an asset is uncollectable and considered to be a loss.
Processing a company’s financial statement without a formal audit revue.
Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.
1. General. Bill of exchange drawer. 2. Insurance. Underwriter. 3. Options trading. Option contract seller. Also known as option seller.
Coverage not started yet but has been applied for.
Binding agreement signed digitally or on paper.
Data that is given in writing, if not it is not considered for a bid, quote or proposal.
Asset’s net book value.
Policy premiums paid on insurance written over a period of time.
Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.
Resolution of members carrying signature of all members so it is effective.
Arranged financing meeting needs over a set period of time.
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