Accounting Term
Accounting Definition–noun | 1. | the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping ). | | 2. | a detailed report of the financial state or transactions of a person or entity: an accounting of the estate. | | 3. | the rendering or submission of such a report. | |
From Dictionary Term Definition–noun | 1. | a word or group of words designating something, esp. in a particular field, as atom in physics, quietism in theology, adze in carpentry, or district leader in politics. | | 2. | any word or group of words considered as a member of a construction or utterance. | | 3. | the time or period through which something lasts. | | 4. | a period of time to which limits have been set: elected for a term of four years. | | 5. | one of two or more divisions of a school year, during which instruction is regularly provided. | | 6. | an appointed or set time or date, as for the payment of rent, interest, wages, etc. | | 7. | terms, | a. | conditions with regard to payment, price, charge, rates, wages, etc.: reasonable terms. | | b. | conditions or stipulations limiting what is proposed to be granted or done: the terms of a treaty. | | c. | footing or standing; relations: on good terms with someone. | | d. | Obsolete. state, situation, or circumstances. | | | 8. | Algebra, Arithmetic. | a. | each of the members of which an expression, a series of quantities, or the like, is composed, as one of two or more parts of an algebraic expression. | | b. | a mathematical expression of the form axp, axpyq, etc., where a, p, and q are numbers and x and y are variables. | | | 9. | Logic. | a. | the subject or predicate of a categorical proposition. | | b. | the word or expression denoting the subject or predicate of a categorical proposition. | | | 10. | Also called terminus. a figure, esp. of Terminus, in the form of a herm, used by the ancient Romans as a boundary marker; terminal figure. | | 11. | Law. | a. | an estate or interest in land or the like, to be enjoyed for a fixed period. | | b. | the duration of an estate. | | c. | each of the periods during which certain courts of law hold their sessions. | | | 12. | completion of pregnancy; parturition. | | 13. | Archaic. | a. | end, conclusion, or termination. | | –verb (used with object) | 14. | to apply a particular term or name to; name; call; designate. | —Idioms | 15. | bring to terms, to force to agree to stated demands or conditions; bring into submission: After a long struggle, we brought them to terms. | | 16. | come to terms, | a. | to reach an agreement; make an arrangement: to come to terms with a creditor. | | b. | to become resigned or accustomed: to come to terms with one's life. | | | 17. | eat one's terms, British Informal. to study for the bar; be a law student. | | 18. | in terms of, with regard to; concerning: The book offers nothing in terms of a satisfactory conclusion. | |
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