That which is customary and practiced within business in the usual matter. A contract term to denote the generally accepted manner in which business is conducted with regard to something more specific. … [Read more...]
ORDER
(I) A decision that is issued by a court which can include an instruction, such as requiring a witness answer a question. It can also be another word for a decision after a hearing that directs a party either perform or refrain from some act. For example, the issuance of a temporary restraining order after a hearing on whether a husband was a danger to a wife. An order is … [Read more...]
ORDINARY INCOME
Income earned from the performance of work as opposed to income from investments. … [Read more...]
ORDER (IN A GENERAL SENSE)
In a general Sense. A mandate, precept; a command or direction authoritatively given; a rule or regulation., The distinction between "order" and "requisition" is that the first is a mandatory act, the latter a request. Mills v. Martin, 19 Johns. (N. Y.) 7. In practice. Every direction of a court or judge made or entered in writing, and not included in a judgment, is denominated … [Read more...]
ORDINARY LOSS
Losses resulting for day to day, ordinary business operations. … [Read more...]