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

A foreign exchange account in a local bank in the local currency that is maintained by a foreign bank. A vostro account is the account that is applicable to local banks.

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

Items that do not meet the specifications of a set criteria or classification.

A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non

A policy that has been rejected or not claimed by the insured even though they are eligible for the policy claims.

A document which has been authenticated by the signature of the relevant individual and the signature of the notary public who acts as a witness to the signature. This document is then

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.

When negotiating a contract, it is the assurance from the vendor that the value of the property will not be greater than the proposed value and the estimates that will be submitted

When the amount available in the drawer’s account is less than the amount stated on the check, the bank reserves the right to return the check to the depositor. When this occurs,

Accounting that conforms to the NFP cost accounting standards and is applicable to nonprofit institutions such as hospitals, schools and federal as well as nonfederal contractors.

1. A written statement by an individual to pay a sum of money to another individual, or the bearer of the note at a specified period in time. It is a compromise

The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.

A legal notification or warning that is delivered in a written format or through a formal announcement. An individual or party is considered liable if the party (1) has knowledge of the

A notice stating the intent to imminently cancel an agreement or policy. It can be issued by either the insurer to cancel the coverage or by the insured to request for a

A notice assigned to instruments such as a check that has been dishonored. It indicates the nonacceptance of the dishonored instrument as a form of payment.

A system under which voters can give their consent or not on matters that were discussed by simply making a notation on the list.

Refers to Unclassifiable insured usually on workers compensation rating manuals or liability manuals.

A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of

Costs such as initial investments, losses, moving expenses that are bound to occur only once in the usual course of operation for a business.