Category: N

a term that describes the breach of a contract and the failing to carry out the terms of the agreement.

Distributors at various stages of the same supply chain collude to alter the supply and thus the price of goods and services.

the term given to activities that don’t lead to making a profit.

The accounting practice for non profit organizations which are exempted from taxes. Under the IRS tax code, charities, civic leagues, hospitals and various other organizations quality for tax exemption status. A measure of accountability versus profitability is determined by government organizations through the use of fund accounting.

The purpose of these organization does not include the generation of profit and as such they enjoy a tax exempt status.

Payments made to the church, by those who were tenants of church-farms. The first was a rent or duty for things belonging to husbandry: the sec- ond was claimed iu right of the church. Wharton.

the term given to a day that the court is not in session such as a Sunday or a legal holiday.

The process that involves the sale of a property, utilizing the power of sale in mortgage. However, most insurance companies require a judicial disclosure by the court before issuing a policy.

the term given to a trial with only a judge and no jury.

a term that means that a thing is exempt from taxation and is therefore not taxable.