Covers any obligation incurred by the guarantor. Enforced by anyone to fulfill an obligation as a written undertaking .

This term is given when an improvement is carried out in area for the benefit of a community.

the instructions given to the jury by the judge before they begin deliberation . The merits of the case are listed and the verdict is based only on these points.

A chronological record of an entity’s financial transactions that are a part of other, special journals, or where no special journal exists. A common type of journal used in record […]

A debit or credit recorded in the general journal as a transaction .

Provides financial statements data for the entire organization . Summarizes all financial transactions recorded and sorted in subsidiary ledgers covering an accounting period . Central repository of an organization’s accounting […]

Liability coverage for damage or injury caused by an insured’s negligence or acts of omission while doing normal duties or business. An insurance policy that covers claims arising from an […]

A general lien applies only to personal property in the US. Covers the goods or property that gives rise to the debt as well as all the goods or property […]

Another name for chief operating officer (COO).

Warehouse whose environment does not requiring controlled hot or cold; suitable for merchandise .

Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .

an objection to evidence that does not why the evidence is inadmissible .

In the United States , a MUNICIPAL BOND issued by a state or local authority that is typically used to finance nonrevenue producing projects, such as schools and transportation systems. […]

The government’s commitment to its full taxing and borrowing authority and other revenue resources to make timely payment of interest and principal on the type of government bond issue. Relies […]

Storage facility for goods not yet been bonded through Customs for legal entry into the country, but have arrived in the United States . Items can be in the warehouse […]

Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.

Communication technology based on Global System for Mobile Communications (GSM) standard. Europe’s packet switched non-voice wireless data. Introduced in 2002, it transmits intermittent data transfer of about 500 octet size […]

a pardon that is given to a class or group of people convicted of crimes such as a group of political prisoners. See amnesty.

Unincorporated business co-owners. Has unlimited personal liability for the firm’s debts in contrast to a limited partner . Member of a general partnership . One general partner ‘s actions bind […]

Two or more co-owners as general partners in an unincorporated business. Jointly and severally liable all partners for the firm’s obligations. As each general partner is bound by the actions […]

Allows unencumbered choice in passing interest / ownership of property to another. T

Common commercial insurance covering property specified in the contract from specific risks.

All contracts of certain type must comply with these laws and regulations. Contrast to Special provisions, regulations applicable only to a particular contract type.

Indirect consumers of a non-business organization ‘s goods or services. Educational institute general publics are alumni and their parents, as an example.

These are the types of trade that stifles competition and can lead to a monopoly and deprive the public of the advantages of free competition