Examlex
A $500,000 bond issue on which there is an unamortized discount of $35,000 is redeemed for $475,000. Journalize the redemption of the bonds.
Probate Court
A specialized judicial process dealing with the validation and execution of a deceased person's will, including the distribution of assets to beneficiaries.
Great-Aunt
The sister of one's grandparent or the aunt of one's parent.
Assets
Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
In Rem
A legal term referring to a procedure or action directed against property, rather than against a particular person.
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