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Appendix B. Commercial Terms Defined |
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Free Books / Finance / Bookkeeping: Banking / | |
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Appendix B. Commercial Terms Defined |
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This section is from the book "Bookkeeping: Banking", by George W. Miner. Also available from Amazon: Bookkeeping: banking.
The name of an accepted draft; an agreement, by signature, to the terms named in the draft.
An open or a running account; a detailed statement of transactions between two persons or two firms.
An itemized statement of sales and expenses, rendered by a commission merchant to his principal.
A formal admission, made before a notary or other qualified officer, that the act described was done voluntarily; the officer's certificate of such admission.
A written statement made under oath.
One who acts for, or in place of, another, by authority from him; a deputy.
One appointed by another to do some act or to enjoy some right; generally, one to whom property is transferred for the benefit of the creditors.
A seizure or taking into custody by virtue of a legal process.
A person appointed to examine accounts.
Any person whose property becomes liable to administration under the bankruptcy laws.
A receipt of a transportation company, containing an account of the goods shipped and the conditions of shipment.
A writing given by the seller of personal property to the buyer.
In the United States, a voluntary organization of business men for the advancement of commercial interests.
In good faith.
A written promise under seal, binding a person to do a certain thing or not to do it.
Something given in addition to what is strictly due the recipient.
An agent between buyer and seller; a dealer on the stock exchange.
The investment in a business.
One who has charge of money; in banks, the financial officer.
A check that has been accepted by the bank on which it is drawn, thereby making the bank security for its payment.
An institution in a city where daily settlements are made between banks by the mutual exchange of checks, drafts, etc., the difference between such exchanges being paid in cash.
A security additional to the personal obligation.
One who undertakes the office of carrying either goods or persons for hire.
The voluntary association or joining of two or more persons in a business enterprise. The same as partnership.
A right of control granted by a government to an author or a publisher.
A certificate of interest due, printed at the bottom of transferable bonds, designed to be cut off and presented for payment when the interest is due.
A notice sent to a purchaser stating that an allowance has been made for goods returned, or for other causes.
A contract under seal, usually transferring the title of real estate.
A falling of value.
A refusal to pay an obligation when due, or to accept a draft when presented for acceptance.
The allotment to each stockholder in the division of profits.
Charges for conveying goods from one place to another.
The method by which debts are discharged without the actual transference of money; the rate at which such exchange can be made.
An allowance of further time for the payment of a debt.
That part of the furnishings of a store or an office which is not movable.
The adding of a column of figures, or the result of such addition.
The writing of another's name, as a signature, with fraudulent intent, or the altering of a written document.
A certain right or privilege, granted by a government to individuals or corporations.
Compensation paid for the transport of goods or other property; that with which anything is laden for transportation.
The value, in a business, of established reputation or patronage.
An agreement by which one person promises to make another secure in the possession or enjoyment of something; a security against loss.
To accept a draft, or to pay it when due.
The total amount of the earnings and the receipts of money from all sources.
An alphabetical table of contents.
To write one's name on the back of a note, a check, or a draft; to record a partial payment on the back of a note.
A sum of money paid in stated portions.
Indemnity against loss; the premium paid for insuring.
A merchant who buys goods from importers and manufacturers, and sells to either wholesale or retail merchants.
Act or process of settling debts.
A contract, usually in writing, for the temporary possession of real estate or other property.
A letter usually issued by a bank, addressed to banks in foreign cities, directing payment of a stated amount to the holder. Such letters are usually carried by travelers.
An invoice of a ship's cargo.
An institution which obtains and furnishes information regarding mercantile enterprises, their financial standing, their business reputation, etc.
Current coin; any circulating medium.
A conditional transfer of the title to real estate or chattels as security for the payment of a debt.
To treat with another with a view to reaching an agreement; to transfer for a valuable consideration.
Clear of all charges or deductions.
A public officer who takes acknowledgments of legal documents and protests paper for nonpayment.
A running or an unsettled account.
An insurance policy covering undefined risks and admitting of subsequent indorsements or additions.
Book accounts remaining unpaid.
A term applied to a bank account when a check has been issued for an amount greater than one's credit balance.
An exclusive right to an invention, issued by a government.
One who makes a business of lending money on personal property pledged and in his keeping.
A legal authority to act for another.
The consideration paid for a contract of insurance; a sum or bonus in addition to the capital.
A formal notice, issued by a notary to the indorser or the indorsers of a note or draft, of the nonpayment of a note or a draft, or the nonacceptance of a draft.
The published or current prices of stocks, bonds, or any commodity.
An allowance for overcharge, for early payment, or for other reasons.
A person appointed by the court to hold in trust property which is the subject of litigation, pending the suit; or one who is appointed to wind up the affairs of a partnership or a corporation on its dissolution.
To sell in small quantities.
To enter individual amounts at the left of the money column, to be extended in total in the money column.
A fund set apart for the redemption of' bonds or for other specific uses.
Many different or small things.
A combination of capitalists who unite their resources to advance some specific business enterprise.
A lawful rate of duty on imports.
Conditions of sale or of agreement.
A book containing memoranda of all time paper, and arranged so as to serve for a reminder to pay or to collect.
One intrusted with property for another.
One who insures.
Binding in law.
Not binding in law.
A document containing a description and shipping directions of goods sent by railroad.
Selling large quantities, usually in unbroken packages.
Continue to:
bookkeeping, banking, finance, check book, cashier, tickler, ledger, cash book, credit, clearing house
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