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Related Definitions
Quasi-Contract Quasi-contract is a contractual arrangement between two sides who have never prior established duties to one another. The judicial process.......
Covenant of Seisin Covenant of Seisin is a clause that guarantees or verifies the owner’s possession of the property they are transferring. This clause ensures that there will be...
Reconveyance The exchange of capital assets that occurs after a loan is entirely paid off as well as the ground is transferred to the proprietor rid of the prior liability is known as...
Conservatism Principle Conservatism Principle is a theory that entails that profit should be documented only if they are likely to occur, but all prospective costs should be acknowledged.
Transfer of Death (TOD) Account Transfer-on-death (TOD) Account applies to designated beneficiaries who acquire properties without having to go through probate when the owner of the property dies...
Convenience Fee When a buyer makes an online payment, a vendor or provider charges a Convenience Fee. This fee is advantageous to the merchant...
Combat Pay Combat Pay is a payment given to members of military services working in areas known as hazard zones. Although state pension and federal tax rates are subtracted...
Recoverable Depreciation When a lawsuit is issued on a contract with replacement value coverage, Recoverable Depreciation is the proportion of the degraded sum...
Contributed Capital Contributed Capital or Paid-in Capital is the entire amount of a firm's stock acquired straight from the corporation by owners. In other terms, it denotes the sum...
Voidable Contract A Voidable Contract is a written agreement between the two parties that may be deemed invalid for a variety of legal grounds. Whenever an agreement is voidable...