commercial transactions

Generally, an account is a record, history, or report of something.

• secured transactions

In the context of secured transactions, an account debtor is a person or entity who owes an obligation to a creditor for goods or services by virtue of an acc

Accounting is the practice of accurately and timely recording, analyzing, summarizing, and classifying financial transactions of a business. Commonly, those financial transactions are recorded in a set of financial records called financial statements. 

Under federal law, an accredited investor is a special kind of investor that due to certain special circumstances or qualities—as the ones indicated in Rule 501 of Regulation D—is allowed to purchase or be offered to purchase unregistered securities.

Accumulated earnings represent a company’s net profit after having distributed dividends to the stockholders. It is often used in accounting to determine how much net profits a company has left after having paid dividends.

• llcs-corporations-partnerships

An acquisition is buying/receiving a good or asset through a business transaction or contract. Acquisition most often refers to the sale of property, such as a business.

An act of God refers to a severe, unanticipated natural event for which no human is responsible. Despite its facial religious connections, the phrase “act of God” is frequently used in otherwise secular statutory and case law.

Actual authority is an agent's power to act on behalf of a principal because such power was expressly or impliedly conferred. Express actual authority is when a principal directly tells the agent that they have the authority to take certain action.

In mortuary law, actual custody of the body is the physical possession or control of a human body. Actual custody is distinct from the legal authority to decide how the body will be disposed of, such as burial, cremation, or donation for medical research.

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

• contract law