Examlex
The matching principle and the full closure principle are the two main accounting principles used in accrual accounting.
Rescinded
Revoked, canceled, or annulled, often referring to contracts that are declared void and without legal effect.
New Price
Refers to the updated or current price of a product or service that may differ from previous pricing.
Legally Sufficient
A term that implies a claim, defense, or other legal assertion meets the minimum legal requirements to proceed in a court of law.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller.
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