Occurs when assets are created that benefit individuals at the expense of the company.
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OWNED RECEIVABLES
On their financial statements, a company reports payments received for products or services.
OWNER
The person in whom is vested the ownership, dominion, or title of property; proprietor. Garver v. Hawkeye Ins. Co., 09 Iowa, 202, 28 N. W. 555; Turner v. Cross, 83 […]
OWNER EQUITABLE
the term given to the person who is the recognised owner of the property but who uses a trustee to administer the property.
OWNER FINANCING
A transaction that involves the current owner of a property part financing its purchase by the buyer.
OWNER GENERAL
the term that is applied to a person who has the primary title to the property.
OWNER JOINT
term that is given to a person who owns property with other people.
OWNER LEGAL
the term that is given to the person who is recognised by law to be the rightful owner.
OWNER OCCUPANT
A property owner who resides within his or her own property.
OWNER OF RECORD
The person who is the holder of particular property in public records.
OWNER REPUTED
the name that si given to the person who supposedly owns a property who may or may not be the legal owner . See owner, legal.
OWNER RIPARIAN
this is a term that is given to a person who owns property that borders water. He doesn’t own the water unless his property surrounds it completely.
OWNER’S CAPITAL ACCOUNT
The total value of a companys stockholder investments, minus operating expenses .
OWNER’S DRAW
Company revenue taken by the owner for personal use.
OWNERS AND CONTRACTORS PROTECTIVE LIABILITY POLICY
Insurance that covers the policy holder against contractor negligence .
OWNERS, LANDLORDS, AND TENANTS LIABILITY INSURANCE
Insurance that covers places people often visit. Provides coverage against liability when owner negligence contributes to injury or property damage .
OWNERS’ EQUITY
The capital invested in a corporation , based on the deduction of the book value of liabilities from the book value of assets.
OWNERS’ WITHDRAWALS
Money the owner of a business takes out of the cash flow for personal use.
OWNERSHIP
The complete dominion, title, or proprietary right in a thing or claim. See .
OWNERSHIP IN COMMON
A right of ownership shared by multiple entities. Upon the death of one owner, his or her right passes to an heir or successor (not necessarily the other owners).
OWNERSHIP OF EXPIRATIONS
An insurance agreement that states some information will only be shared between the policy holder and the agent who brokered the policy.
OWNERSHIP PROVISION
A provision within insurances policies that allows a policy to be owned by someone other than the person insured.
OXFIED
A restitution anciently made by a hundred or county for any wrong done by one that was within the same. Lamb. Arch. 125.
OXGANG
In old English law . As much land as an ox could till. Co. Litt. 5a. A measure of land of uncertain quantity. In Scotland, It consisted of thirteen acres. […]
OXIDATION
The addition of oxygen or the removal of hydrogen during a chemical reaction . Opposite of REDUCTION.