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An expense occurred in the normal and regular process of running and operating a business and which is deducted from gross revenues. It would generally be considered an operating expense. … [Read more...] about BUSINESS EXPENSE

A phrase sometimes used in conveyancing, to introduce the boundaries of lands. See Butts and bounds. … [Read more...] about BUTTED AND BOUNDED

Incidentally; without new process. A term used in former English practice to denote the method of filing a declaration against a defendant who was already in the custody of the court at the suit of a different plaintiff or of the same plaintiff in another cause. … [Read more...] about BY THE BY

The gain or loss as a result of running a business, may also be referred to as net gain or net loss, see both terms for further clarification. … [Read more...] about BUSINESS GAIN or BUSINESS LOSS

In old English law. Short pieces of land left unplowed at the ends of fields, where the plow was turned about, (otherwise called "headlands,") as sidelings were similar unplowed pieces on the sides. Also a place where bowmen meet to shoot at a mark. … [Read more...] about BUTTS