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| This dictionary contains: 8526 juridical terms |
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Fictitious payee
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Fictitious payeeContract. A supposed person; a payee, who has no existence.
RELATED TERMS--------------------------------------
Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.
Person
This word is applied to men, women and children, who are called natural persons.
Payee
The person in whose favor a bill of exchange is made payable.
SIMILAR TERMS--------------------------------------
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious refunds scheme
Preparing false documents of refunds to cover thefts of cash. A retail cashiering fraud.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
PREVIOUS AND NEXT TERMS--------------------------------------
Fiar
Scotch law. He whose property is burdened with a life rent.
Fiat
Practice. An order of a judge, or of an officer, whose authority, to be signified by his signature, is necessary to authenticate the particular acts.
Fiat justitia
Let justice be done.
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Fictitious refunds scheme
Preparing false documents of refunds to cover thefts of cash. A retail cashiering fraud.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
Fidei-commissary
Civil law. One who has a beneficial interest in an estate, which, for a time, is committed to the faith or trust of another. This term has nearly, the same meaning as cestui que trust has in our law.
Fidei-commissum
Civil law. A gift which a man makes to another, through the agency of a third person, who is requested to perform the desire of the giver. For example, when a testator writes, "I institute for my heir, Lucius Titius," he may add, "I pray my heir, Lucius Titius, to deliver, as soon as he shall be able, my succession to Caius Seius: cum igitur aliquis scripserit Lucius Tilius heres esto; potest ajicere, rogo te Luci Titi, ut cum poteris hereditatem meam adire, eam Caio Sceio reddas, restituas.
Fide-jussio
Civil law. The contract of suretyship.
RELATED TERMS--------------------------------------
Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.
Person
This word is applied to men, women and children, who are called natural persons.
Payee
The person in whose favor a bill of exchange is made payable.
SIMILAR TERMS--------------------------------------
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious refunds scheme
Preparing false documents of refunds to cover thefts of cash. A retail cashiering fraud.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
PREVIOUS AND NEXT TERMS--------------------------------------
Fiar
Scotch law. He whose property is burdened with a life rent.
Fiat
Practice. An order of a judge, or of an officer, whose authority, to be signified by his signature, is necessary to authenticate the particular acts.
Fiat justitia
Let justice be done.
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Fictitious refunds scheme
Preparing false documents of refunds to cover thefts of cash. A retail cashiering fraud.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
Fidei-commissary
Civil law. One who has a beneficial interest in an estate, which, for a time, is committed to the faith or trust of another. This term has nearly, the same meaning as cestui que trust has in our law.
Fidei-commissum
Civil law. A gift which a man makes to another, through the agency of a third person, who is requested to perform the desire of the giver. For example, when a testator writes, "I institute for my heir, Lucius Titius," he may add, "I pray my heir, Lucius Titius, to deliver, as soon as he shall be able, my succession to Caius Seius: cum igitur aliquis scripserit Lucius Tilius heres esto; potest ajicere, rogo te Luci Titi, ut cum poteris hereditatem meam adire, eam Caio Sceio reddas, restituas.
Fide-jussio
Civil law. The contract of suretyship.
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This dictionary contains 8526 terms.
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