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See profit and loss statement; part of financial statements. … [Read more...] about INCOME STATEMENT

Evidence which cannot be disputed or impeached, that which there is no controversy as to the truth of what it portrays, no doubt remains as to the answer to a question, e.g. video tape evidence that clearly shows an entire sequence of events and who started a fight. … [Read more...] about INCONTROVERTIBLE EVIDENCE

Lat. In the civil law. A trench. A place sunk by the side of a stream, so called because it is.cut (incidatur) into or through the stone or earth. Dig. 43, 21, 1, 5. The term seems to have included ditches (fossa) and wells, (putei.) … [Read more...] about INCILE

Burning to ashes; destruction of a substance by fire, as, the corpse of a' murdered person. … [Read more...] about INCINERATION

An option to purchase stock that provides favorable tax treatment where profits are charged as long term gain as opposed to ordinary gain. ISOs are required to be held for specific period of time. … [Read more...] about INCENTIVE STOCK OPTION (ISO)