Discount Accounted For - Law Dictionary Search Results
Discount accounted for
Matched in: Term Discount accounted for
discount
Matched in: Term discount
Discount
Matched in: Term Discount
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defalcation
defalcation [earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of debt, from defalcare to cut down, deduct, from Latin de- away from + falc-, falx sickle] 1 … defalcare to cut down, deduct, from Latin de- away from + falc-, falx sickle] 1 : failure to account for or pay over money that has been entrusted to one's care ;also : an instance of such
factoring
receivable from a business by a factor who assumes the risk of loss in return for some agreed discount … factoring : the purchasing of accounts receivable from a business by a factor who assumes the risk of loss in return for some agreed
Loan societies
loan can be granted until the first is repaid. The society is permitted to receive by way of discount, at the time of the loan, interest under its enrolled rules, not exceeding 12l. per cent. and to … the debt as that Court can give judgment for, in lieu of the whole. An abstract of the accounts is to be made out yearly to the 31st December, and sent during January to the proper authority,
reserve
for the purpose of absorbing losses [a loan loss reserve] 2 : an insurance company's reserve representing the discounted value of future payments to be made on losses which may have already occurred policy reserve : an … with various unproven oil s] 2 : an act of reserving 3 : money kept in a separate account to meet future liabilities legal reserve : the minimum amount as determined by government standards of the deposits
bill
purchaser to receive payment upon presentation Treasury bill : a short-term obligation sold by the government at a discount that bears no interest but is payable at its face value at maturity compare Treasury bond at bond … found the evidence in a bill of indictment sufficient to warrant prosecution : indictment 4 : an itemized account of goods sold, services performed, or work done 5 : a written instrument setting out the terms of
Abatement
in interest to be made a party. See PARTIES. (6) Abatement or rebate in commerce, an allowance or discount made for prompt payment, Lex. Merc. It is sometimes used to express the deduction that is occasionally made … 20) was one which stated some fact which gave a reason for quashing or abating the action, on account of an informality, or offered an exception to the personal competency of the parties suing or sued; e.g.,
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