Juridical Dictionary

This dictionary contains:
8526
juridical terms

Account of sales






Account of sales

Common law. An account delivered by one merchant or tradesman to another, or by a factor to his principal, of the disposal, charges, commissions and net proceeds of certain merchandise consigned to such merchant, tradesman or factor, to be sold.

RELATED TERMS
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Common
marriage law. a marriage in which no formal ceremony took place and no license exists.

Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.

Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.

Merchant
One whose business it is to buy and sell merchandise; this applies to all persons who habitually trade in merchandise.

Principal
1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime.

Charges
The term charges signifies the expenses which have been incurred in relation either to a transaction or to a suit; as the charges incurred for his benefit must be paid by a hirer; the defendant must pay the charges of a suit.

Merchandise
By this term is understood all those things which merchants sell either wholesale or retail, as dry goods, hardware, groceries, drugs, &c. It is usually applied to personal chattels only, and to those which are not required for food or immediate support, but such as remain after having been used or which are used only by a slow consumption.



SIMILAR TERMS
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Accomenda
Martial law. In Italy, is a contract which takes place when an individual entrusts personal property with the master of a vessel, to be sold for their joint account. In such case, two contracts take place; first, the contract called mandatum, by which the owner of the property gives the master power to dispose of it, and the contract of partnership, in virtue of which, the profits are to be divided between them. One party runs the risk of losing his capital, the other his labor. If the sale produces no more than first cost, the owner takes all the proceeds; it is only the profits which are to be divided.

Accommodation
Contracts. An amicable agreement or composition between two contending parties.

Accomodation
Com. law. That which is done by one merchant or other person for the convenience of some other, by accepting or endorsing his paper, or by lending him his notes or bills.

Accomplice
In fraud, a partner to the fraud scheme.

Accord
A satisfaction agreed upon between the parties in a lawsuit which bars subsequent actions on the claim.

Accord and satisfaction
A term of contract law by which one party, having complied with its obligation under a contract, accepts some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their obligation.

Accouchement
The act of giving birth to a child. The fact of the accouchement may be proved by the direct testimony of one who was present, as a physician, a midwife, or other person.

Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.

Account current
A running or open account between two persons.

Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank

Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.

Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.

Accounting period
An accounting period runs from one accounting reference date to the next (not less than six months and not more than eighteen months) for which a company prepares financial statements and statutory accounts. The profit and loss account relates to the whole period but the balance sheet is taken on the last day of this period.

Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.

Accouple
To accouple is to marry



PREVIOUS AND NEXT TERMS
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Accord and satisfaction
A term of contract law by which one party, having complied with its obligation under a contract, accepts some type of compensation from the other party (usually money and of a lesser value) in lieu of enforcing the contract and holding the other party to their obligation.

Accouchement
The act of giving birth to a child. The fact of the accouchement may be proved by the direct testimony of one who was present, as a physician, a midwife, or other person.

Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.

Account current
A running or open account between two persons.

Account in bank
Com. law. 1) A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2) The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor's bank book, and the other in the books of the bank

Account of sales

Accountant
1) One who is versed in accounts; 2) A person or officer appointed to keep the accounts of a public company; 3) He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, admnistrator or guardian.

Account-book
A book kept by a merchant, trader, mechanic, or other person, in which are entered from time to time the transactions of his trade or business.

Accounting period
An accounting period runs from one accounting reference date to the next (not less than six months and not more than eighteen months) for which a company prepares financial statements and statutory accounts. The profit and loss account relates to the whole period but the balance sheet is taken on the last day of this period.

Accounting reference date
The Accounting Reference Date is the date on which the financial year of a company ends, defining the period for which its statutory accounts are to be prepared.

Accouple
To accouple is to marry

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This dictionary contains 8526 terms.