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Profits - Law Dictionary Search Results

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allowance for bad debts

debts account to pay for the bad debt. Because you already made the allowance for bad debts, your profit and loss statement will not be out of whack in the particular month that you decide to "write-off"

aleatory

dice player, from alea, a dice game] : depending on an uncertain event or contingency as to both profit and loss [the nature of a lawyer's contingency fee arrangement]

above

rank or authority [the court ] above the line : in calculations that yield adjusted gross income or profit adj : written or discussed higher on the same page or on a preceding page [the argument]

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order

in section 414 of the Internal Revenue Code for the payment of all or part of individual pension, profit sharing, or retirement benefits usually to a divorcing spouse (as for alimony or child support) NOTE: The alienation

Ponzi scheme

which early investors are paid with sums obtained from later ones in order to create the illusion of profitability

Allotment societies

are societies on a co-operative basis having for their object, or one of their objects, the provision or profitable working of allotments, whether in relation to the purchase of requisites, the sale of produce, credit banking, insurance

Entrepreneur

One who takes the initiative to create a product or establish a business for profit generally whoever undertakes on his own account an enterprise in which others are employed and risks are taken

Agriculture

use for the purposes of a trade or business or of any other undertaking whether carried on for profit or not and the use of land as grazing, meadow or pasture land or orchard, osier land or

Agistment

tenants; so called because the cattle are suffered agiser, i.e., to be levant et couchant there. Also the profit of such feeding. As to the extent to which the 'agister' is liable for negligence in the keeping

Accounts

Accounts, accounts, in relation to, commercial undertakings of a government, includes trading, manufacturing and profit and loss accounts and balance-sheets and other subsidiary accounts, Comptroller and Auditor-General [Duties, Powers and Conditions of Service

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