Examlex
The basic procedure of posting from a revenue journal is to make all postings at the end of the month.
Full Satisfaction
The complete fulfillment of an obligation or payment in a manner that fully satisfies the terms agreed upon.
Debt
An obligation owed by one party, the borrower, to a second party, the lender; typically involving borrowed money that is expected to be paid back with interest.
Exchange Of Consideration
The act in a contract where something of value is traded between parties, forming the basis for mutual obligation.
Contract
A legally binding agreement between two or more parties that outlines obligations and provisions for the parties involved.
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