Category: E

A party that is outside of an organization that promotion is aimed.

An audit that is done by an independent accountant. It is done to find the accurate records, proper document preparation, and the accurate representation of the companies position. Refer to internal audit.

In mercantile law. An allowance of additional time for the payment of debts. An agreement between a debtorand his creditors, by which they allow him further time for the payment of his liabilities.In patent law. An extension of the life of a patent for an additional period of sevenyears, formerly allowed by law in the United States, upon proof being made that theinventor had not succeeded in obtaining a reasonable remuneration from his patentright.This is no longer allowed, except as to designs. See Rev. St. U. S.

The way a creditor makes a claim on a business should the business not be able to pay. They are safe from claims if it happens by an outside partner. It is the opposite of an internal claim.

A rule in a contract that lets the parties to continue it after the expiration date.

Measures that affect the company operations that are imposed by the government or another organization. It is a rule that affects the company and involves taxes as well.

A rule that lets employees not working extend their coverage after the policy ends. It lasts until they come back to work or are discharged from a hospital.

The party that uses or is affected by a companies product.

This term is used to lengthen the time given to m et an obligation.

The money borrowed by a foreign country. It must be paid in the currency the loan was made in. An export must happen sometimes to get that currency.