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Deficit
DeficitThis Latin term signifies that something is wanting. It is used to express the deficiency which is discovered in the accounts of an accountant, or in the money in which he has received. RELATED TERMS-------------------------------------- Term 1) Construction. Word; expression speech. 2) Contracts. This word is used in the civil, law to denote the space of time granted to the debtor for discharging his obligation; there are express terms resulting from the positive stipulations of the agreement; as, where one undertakes to pay a certain sum on a certain day and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 3) Estates. The limitation of an estate, as a term for years, for life, and the like. The word term does not merely signify the time specified in the lease, but the estate also and interest that passes by that lease; and therefore the term may expire during the continuance of the time, as by surrender, forfeiture and the like. 4) Practice. The space of time during which a court holds a session; sometimes the term is a monthly, at others it is a quarterly period, according to the constitution of the court. Express That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum. 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. Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. SIMILAR TERMS-------------------------------------- Deficient Incomplete; defective; not sufficient in quantity or force. Define To set bounds to, mark the limits of. Definite Bounded, fixed, certain. Opposed, indefinite. Definite number An ascertained number; the term is usually applied in opposition to an indefinite number. Definitio Latin. A bounding, limiting; defining, definition. Definition An enumeration of the particular acts included by or under a name: as, the definition of a crime. Definitive That which terminates a suit a definitive sentence or judgment is put in opposition to an interlocutory judgment; final. PREVIOUS AND NEXT TERMS-------------------------------------- Defense or defence French defense: Latin defensa: defendere, to strike down or away, ward off, repel. Mid. English defence. 2. That which is offered by a defendant as sufficient to defeat a suit - by denying, justifying, or confessing and avoiding, the cause of action. A term used in common law pleading in the sense merely of "denial". Defensive allegation The defence or mode of propounding a defence in the spiritual courts, is so called. Deferred annuity An income stream that begins at some time in the future. Deferred compensation package This includes all retirement assets and any other saving or postponed income earned during the marriage. Deficient Incomplete; defective; not sufficient in quantity or force. Deficit Define To set bounds to, mark the limits of. Definite Bounded, fixed, certain. Opposed, indefinite. Definite number An ascertained number; the term is usually applied in opposition to an indefinite number. Definitio Latin. A bounding, limiting; defining, definition. Definition An enumeration of the particular acts included by or under a name: as, the definition of a crime. We thank you for using the Juridical Dictionary to search for Deficit. If you have a better definition for Deficit than the one presented here, please let us know by making use of the suggest a term option. This definition of Deficit may be disputed by other professionals. Our attempt is to provide easy definitions on Deficit and any other medical topic for the public at large.
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