Category: N

To make a brief written statement; to enter a memorandum; as to note an exception.

A notification to the account holder that a specific transaction failed to alter the account balance.

In practice. Memoranda made by a judge on a trial, as to the evidence ad- duced, and the points reserved, etc. A copy of the judge’s notes may be obtained from his clerk.

Written undertakings stating the amount of money payable at a future date. If it is due withing 12 months, it is considered as current of the balance sheet date and non-current if it is due after 12 months.

Written undertakings stating the amount of money receivableat a future date. If it is due withing 12 months, it is considered as current of the balance sheet date and non-current if it is due after 12 months.

A record of the notesreceivable that have been discounted that is shown as a contra account. It is also used to make a disclosure on the liability that arises if the owner of writer of a note defaults on payments, which transfers the liability payment to the firm.

Additional information located at the bottom of the financial statement that provides clarification and a complete understanding with respect to the financial condition of the company.

Lat. In Roman law. A natural child or a person of spurious birth.

A legal notification or warning that is delivered in a written format or through a formal announcement. An individual or party is considered liable if the party (1) has knowledge of the the notice, (2) received the notice, (3) knows it through experience, (4) has knowledge with regards to an associate fact and (5) could have gained knowledge had an enquiry been undertaken.

The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.