Examlex
Even though the Constitution guarantees the right to a public trial, courts may place limits on how many members of the public may view each trial.
Capital Account Balances
The amounts recorded in the equity section of the balance sheet, representing owners' contributions and retained earnings in a business.
Liquidation
The process of winding down a company by selling off its assets to pay creditors and distribute any remaining assets to shareholders.
Net Pay
Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.
Payroll Taxes
Taxes that employers are required to withhold from employees' paychecks and/or pay on behalf of their employees, including Social Security and Medicare taxes.
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