Examlex
When a partly owned subsidiary receives a dividend from an entity that they have an interest in, an adjustment must be made to the current year profit prior to calculation of the direct NCI share of profit.
Sales Contract
A formal agreement between a buyer and seller detailing the terms and conditions of a sale of goods or services.
Commercial Loss
Financial damage suffered by a business, often through reduced sales, increased costs, or direct loss of assets.
Nonconformity
A deviation from a specified standard, requirement, or expectation, typically in the context of products, services, or actions not meeting prescribed criterions.
Revoke Acceptance
In legal terms, it's the act of formally withdrawing acceptance of an offer or agreement, often due to discovering defects or misinformation.
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