A bill is a formal or public writing or declaration of one’s claim against another:
A bill may be an equitable pleading of a claim in a court of equity. At early common law, a bill in equity was analogous to a declaration in law...banking
bill of exchange
A bill of exchange, a short-term negotiable instrument, is a signed, unconditional, written order binding one party to pay a fixed sum of money to another party on demand or at a predetermined date. A bill of exchange is sometimes called...
bill of sale
A bill of sale is a written instrument that attests to a buyer’s purchase of property from a seller. In this way, it is similar to a receipt. A bill of sale generally includes the transacting parties’ contact information, a description of the...
blank endorsement
Blank endorsement is a kind of signature on a financial instrument. It has no designated payee, so the person who possesses it can demand payment, for example, a check made payable to cash and endorsed on the back with the signature of the...
bond
A bond refers to an obligation to pay a specified amount of money.
In the field of business, a bond functions similar to a loan and is sold by entities seeking an inflow of cash now in exchange for the promise of future interest on...bookkeeping fraud
Overview
Bookkeeping fraud (also referred to as accounting fraud) refers to types of fraud committed by officers, accountants, and other employees that manipulate company finances and records to achieve some kind of personal gain. There are...
business expense
Business expenses are the operating costs of a business. Whether a given cost qualifies as a business expense is relevant because business expenses are tax deductible while other forms of expenses are not. To qualify as a business expense,...
calendar year accounting period
Calendar year accounting period is the accounting period that uses the calendar year, which is the common Gregorian calendar, and begins on January 1 and ends on December 31. An accounting period is an established time frame within which...
call
Call generally means to request or to use an option. Call has a few different meanings that arise in the legal context:
A person “calls” an option when they choose to use a call option for buying an asset. The person gets to buy a...cancel
In a legal context, to cancel is to render something otherwise valid as void or no longer in effect. For example, a person might write a check and then destroy it or write “void” across its face; both would successfully eliminate the check’s...