Juridical Dictionary

This dictionary contains:
8526
juridical terms

Balance sheet




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

RELATED TERMS
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Statement
Pleading and in practice. In the courts of Pennsylvania, by the act to regulate arbitrations and proceedings in courts of justice, is enacted, "that in all cases where a suit may be brought in any court of record for the recovery of any debt founded on a verbal promise, book account, note, bond, penal or single bill, or all or any of them, and which from the amount thereof may not be cognizable before a justice of the peace, it shall be the duty of the plaintiff, either by himself, his agent or attorney, to file in the office of the pro-thonotary a statement of his, her or their demand, on or before the third day of the term to which the process issued is returnable, particularly specifying the date of the promise, book account, note, bond, penal or single bill or all or any of them, on which the demand is founded, and the whole amount which he, she, or they believe is justly due to him, her or them from the defendant."

State
1) Government. In its most enlarged sense, it signifies a self-sufficient body of persons united together in one community for the defence of their rights, and to do right and justice to foreigners. In this sense, the state means the whole people united into one body politic; and the state, and the people of the state, are equivalent expressions. 2) Condition of persons. This word has various acceptations. If we inquire into its origin, it will be found to come from the Latin status, which is derived from the verb stare, sto, whence has been made statio, which signifies the place where a person is located, stat, to fulfil the obligations which are imposed upon him.

Balance
Com. 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.

Exhibit
A document or object shown to the court as evidence in a trial. They are each given a number or letter by the court clerk as they are introduced for future reference during the trial. For example, weapon are frequently given as exhibits in criminal trials. Except with special permission of the court, exhibits are locked up in court custody until the trial is over.

Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.



SIMILAR TERMS
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Balance
Com. 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.

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.



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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
Com. 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.

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

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.

Ballot
Government. A diminutive ball, a little ball used in giving votes; the act itself of giving votes. A little ball or ticket used in voting privately, and, for that purpose, put, into a box, (commonly called a ballot-box,) or into some other contrivance.

Balnearii
Civil law. Stealers of the clothes of person who were washing in the public baths.

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This dictionary contains 8526 terms.







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