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C

COMPTER

by Law Professor

In Scotch law. An accounting party. … [Read more...] about COMPTER

COMPOUND

by Law Professor

Referring to (1) multiple or several items, and/or (2) an addition which makes something worse, e.g. a compound crime or compound fracture. Law Dictionary - Alternative Legal Definition v. To compromise; to effect a composition with a creditor; to obtain discharge from a debt by the payment of a smaller sum. … [Read more...] about COMPOUND

COMPTROLLER

by Law Professor

A person in charge of the financial accounts of a company or an organization. A public officer of a state or municipal corporation charged with certain duties in relation to the fiscal affairs of the same principally to examine and audit the accounts of collectors of the public money to keep records and report the finan cial situation from time to time. There are also officers … [Read more...] about COMPTROLLER

COMPOUND INTEREST

by Law Professor

Interest allowed upon interest; for example, when a sum of money due for interest, is added to the principal, and then bears interest. This is not, in general, allowed. See Interest for money. Law Dictionary - Alternative Legal Definition Interest upon interest, i.e., when the interest of a sum of money is added to the principal, and then bears Interest, which thus becomes a … [Read more...] about COMPOUND INTEREST

COMPTROLLERS

by Law Professor

(I) There are officers who bear this name, in the treasury department of the United States. (II) A person that supervises accounting and financial reporting within a corporation or organization. A comptroller is an accountant in a business overseeing accounting actions and the proper implementation and monitoring of internal controls within the organization. … [Read more...] about COMPTROLLERS

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