Examlex
The periodic allocation of manufacturing overhead costs to job cost sheets is based on an event,not a transaction.
Third Restatement
The Third Restatement refers to updated versions of the American Law Institute's restatements on various areas of law, providing a contemporary summary of common law principles.
Principal Goes Bankrupt
When a principal goes bankrupt, it refers to a situation where the main party in a financial or business agreement is unable to repay debts and legally declares bankruptcy.
Discharge
The act of formally releasing someone from their duties, often used in the context of employment termination.
Dismissal
The act of officially removing someone from their job, often due to inadequate performance, misconduct, or redundancy.
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