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Balance
BalanceCom. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts. RELATED TERMS-------------------------------------- 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. Settlement 1) Domicil. The right which a person has of being considered as resident of a particular place. 2) Contracts. The conveyance of an estate, for the benefit of some person or persons. SIMILAR TERMS-------------------------------------- Balance of trade Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. Balance sheet A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole PREVIOUS AND NEXT TERMS-------------------------------------- Bailment The transfer of possession of something (by the bailor) to another person (called the bailee) for some temporary purpose (eg. storage) after which the property is either returned to the bailor or otherwise disposed of in accordance with the contract of bailment. Bailor Contracts. He who bails a thing to another. Bair-man Scottish law. A poor insolvent debtor left bare. Bairn's part Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict. Bait and switch In consumer fraud, advertising a low cost item and then steering the customer to a higher priced item when they come to buy, claiming the low priced item was "sold out." Balance Balance of trade Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. Balance sheet A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole Baliva A bailiwick or jurisdiction. Balivo amovendo English practice. A writ to remove a bailiff out of his office. Ballastage Martial law. A toll paid for the privilege, of taking up ballast from the bottom of the port. This arises from the property in the soil. We thank you for using the Juridical Dictionary to search for Balance. If you have a better definition for Balance than the one presented here, please let us know by making use of the suggest a term option. This definition of Balance may be disputed by other professionals. Our attempt is to provide easy definitions on Balance and any other medical topic for the public at large.
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