A geographical land considered foreign to the current location of a person or object. This term can apply to overseas and continental differences.

1. To nullify an contract by means of mutual agreement. 2. To officially abolish a law.

On a graph or chart this is the horizontal (X) axis.

A property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner.

This occurs when an employee consistently is absent from work. Seldom does this individual have a valid reason. However, if valid reasons are given the absence does not qualify as such. Attendance

The costs of manufacturing that are not related to production. They can be taxes, insurance, and building expenses. These costs are linked to a separate account.

1. Accounting: When related accounts are absorbed into each other. Called an absorption account. 2. Economics: Total amount spent by a country on goods and services. Account deficits or surplus occurs when

Refuseal, from one bankruptcy court, to get involved with a matter of another court with jurisdiction

A written statement about a complex work that contains only the basic gist. It is usually written by another author. Other terms that might help are abridgment, digest, outline, pr

Something that is harder to understand for those with only basic knowledge on the topic.

The basic abuse of power that can occur when they become too manipulative with those around them and the trust given to them.

An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds.

This individual works and is bound by the laws of the Institute Of Chartered Accountants.

A volunteer run organization that studies accounting. Traditionally an accounting historian would be interested in this.

This individual works and is bound by the laws of the Institute Of Chartered Accountants.

When a company has debt obligations and cannot get funds for a project they purchase stocks as a short term investment boost.

Computing depreciation rates faster than the straight line option. The two methods are declining balance or taking the sum of the years digits as the depreciation rate. This results in a larger