Customs - Law Dictionary Search Results
bad debt recovery
bad debt recovery An account that you "wrote-off" as not collectable, but that was later paid by the customer. When this happens, you must adjust your accounts. Your company's adjusting entries would look something like this: A
care
is negligence "R. I. Mehr"] see also due care, negligence, standard of care NOTE: Statute, case law, and custom often impose a duty of care. The degree or standard of care owed varies depending on the circumstances.
derivative
currency exchange) or index of asset value (as a stock index) NOTE: Derivatives often take the form of customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly
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goodwill
dependability, the business's location, or any other circumstance incidental to the business that tends to draw and retain customers 2 a : the value of projected increases in the earnings of a business esp. as part of
habitual
habitual 1 : practicing or acting in some manner by force of custom, habit, or addiction [a drunkard] 2 : being such a specified number of times or with designated regularity
international law
international law : a body of laws, rules, or legal principles that are based on custom, treaties, or legislation and that control or affect the rights and duties of nations in relation to each
invitee
invitee : an invited person ;specif : a person (as a customer) who is present in a place by the express or implied invitation of the occupier in control of
irregular
irregular : not in accord with laws, rules, procedures, or established custom ir·reg·u·lar·ly adv
loss leader
loss leader : something (as merchandise) sold at a loss in order to draw customers loss-leader adj
unwritten law
unwritten law : law based chiefly on custom rather than legislative enactments
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