Retention of Title Clause is a contract clause whereby a seller declares his intention to retain title or ownership over the contract goods until payment by the buyer is completed.
More from this Section
- Currency Call Options
A Currency call options grants the right to buy a specific currency at a designated price within a specific period of time. The price at which the owner is allowed to buy that currency is known as the exercise price or strike price, and there are monthly expiration dates for each option.
- Contingent liabilities
Contingent liabilities is the debt obligations that will not come due unless certain events occur, such as borrower default or the exercise of product warranties.
- Incoterms 2010
Incoterms 2010 is a set of 13 internationally standard trade terms which allows the parties to designate a point at which the costs and
- Anticipated Income Theory
Anticipated income theory developed in 1945 by H. V Prochnow and presented on his book named “ Term loan and Theories of Bank Liquidity”
- Variable Expenses
Variable Expenses Costs of doing business that vary with the volume of business, such as advertising costs, manufacturing costs and bad debts.
- Deductive expense
Deductive expense refers to an expense that the taxpayer uses to reduce taxable income before the tax rate applied.
- Deductible Expense
Deductible expense is an expense that the taxpayer uses to reduce taxable income before the tax rate is applied.