Examlex
The process of allocating the cost of property, plant and equipment to expense over their useful lives is called amortization.
Grace Period
A set time period after a deadline during which a late payment or other obligation may be met without incurring a penalty.
Judgment
The official decision or conclusion given by a court following a legal proceeding.
Real Defense
A genuine, legally recognized defense that can be used to nullify a claim or charge.
Holder in Due Course
A person or entity that holds a negotiable instrument in good faith, for value, and without notice of any defects, obtaining certain rights exceeding those of the original parties.
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