ABSORBED COSTS
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.
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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
In the civil law. Discussions or arguments before a court. 1Kent, Comm. 530.
Lat Foreign; exterior; outside; extraordinary. Scrvitium fo- rinsccum,the payment of aid, sc-utage, and other extraordinary military services. Fo- rinsccummanerium, the manor, or that part of it which lies outside the bars or
In old English law. Exterior ; foreign; extraordinary. In feudal law, theterm “forinsic services” comprehended the payment of extraordinary aids or therendition of extraordinary military services, and in this sense was opposed
Lat. Abroad ; out of doors; on the outside of a place; without; extrinsic.
In old English law. Ranished.
Lat To forfeit; to lose an estate or other property on account of somecriminal or illegal act. To confiscate.To act beyond the law, i. e., to transgress or infringe the law; to
Forfeited. Bona fo- risfacta, forfeited goods. 1 RI. Comm. 299. A crime. Du Cange; Spelman.
A crime or offense through which property is forfeited.A fine or punishment In money.Forfeiture. The loss of property or life in consequence of crime.