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comm. law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold. … [Read more...] about ACCOUNT OF SALES

A period of time that pertains to financial statements or accounts, e.g. monthly, quarterly and annual. … [Read more...] about ACCOUNTING PERIOD

In accounting, a depreciation method that allows a greater write off in early years rather than later years. Provides a tax benefit. This is as opposed to the straight line method of depreciation. … [Read more...] about ACCELERATED DEPRECIAITION

One who accepts a bill which has been protested, for the honor of the drawer or any one of the indorsers. Law Dictionary - Alternative Legal Definition in contracts, is a third person, who, after protest for non-acceptance by the drawee, accepts the bill for the honor of the drawer, or of the particular endorser. 2. By this acceptance he subjects himself to the same obligations … [Read more...] about ACCEPTOR SUPRA PROTEST

Lat. To fall; fall in; come to hand; happen. Judgment is sometimes given against an executor or administrator to be satisfied out of assets quando acci derint; i.e., when they shall come to hand. … [Read more...] about ACCIDEBE