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Isaiah Bey
Mar 18, 20221 min read
Currency
CURRENCY. The money which passes, at a fixed value, from hand to hand; money which is authorized by law
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Isaiah Bey
Mar 18, 20221 min read
Good faith
Good faith” has generally been defined as honesty in a person's conduct during the agreement. The obligation to perform in good faith...
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Isaiah Bey
Mar 17, 20221 min read
Settlement
1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms,...
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Isaiah Bey
Mar 17, 20221 min read
Adjustments
Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to...
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Isaiah Bey
Mar 17, 20221 min read
Close account
A closed account means an account to which no further credits and debits can be added. Such account will remain open only for adjustments...
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Isaiah Bey
Mar 15, 20221 min read
Subrogation
When one party takes on the legal rights of another, especially substituting one creditor for another. Subrogation can also occur when...
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Isaiah Bey
Mar 15, 20221 min read
Identification
7) the term “means of identification” means any name or number that may be used, alone or in conjunction with any other information, to...
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Isaiah Bey
Mar 15, 20221 min read
Identity
1 : to consider as united or associated (as in interests or principles) [can ask leading questions of a witness who is identified with an...
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Isaiah Bey
Mar 15, 20221 min read
Contractor
Definition. A person or business that agrees to conduct work for another entity as specified under the terms of a contract. Unlike...
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Isaiah Bey
Mar 15, 20221 min read
Contracting officer
Contracting Officer means a person with the authority to enter into, administer, and/or terminate contracts and make related...
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Isaiah Bey
Mar 15, 20221 min read
Insurance policy
Definition. A contract in which one party agrees to indemnify another against a predefined category of risks in exchange for a premium....
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Isaiah Bey
Mar 15, 20221 min read
Investment security
Investment security means a marketable obligation evidencing indebtedness of a person in the form of a bond, note, debenture, or other...
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Isaiah Bey
Mar 15, 20221 min read
Surety
Someone who assumes direct liability for another's obligation. Financial creditors may require the debtor to find a surety, who then...
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Melaninsuperior
Mar 5, 20221 min read
Word to the Wise
There is no security in the inconsistent. Read that again!!
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Isaiah Bey
Mar 4, 20221 min read
Barter
Barter is the trading of goods or services directly for other goods or services, without using money or any other similar unit of account...
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Isaiah Bey
Mar 4, 20221 min read
Recording
A written account of all the acts and proceedings in a lawsuit. A written memorial made by a public officer authorized by law to perform...
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Isaiah Bey
Mar 4, 20221 min read
Mistake
1) an error in comprehending facts, meaning of words or the law, which causes one party or both parties to enter into a contract without...
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Isaiah Bey
Mar 3, 20221 min read
Land trust
Land trust" means any express agreement or arrangement whereby a use, confidence or trust is declared of any land, or of any charge upon...
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Isaiah Bey
Mar 2, 20221 min read
Purchase
Legal Definition of purchase (Entry 2 of 2) : an act or instance of purchasing: as. a : the acquiring of real property by any means other...
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Isaiah Bey
Mar 2, 20221 min read
Benefit
any profit or acquired right or privilege, primarily through a contract. 2) in worker's compensation the term "benefit" is the insurance...
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