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21 Results for Tag: county

Implied Authority

DefinitionImplied Authority of Contract is a legal term. In contract law, it is the implied ability of an individual to make a legally binding contract on behalf of an organization, by way o

National Association Of Estate Planners And Councils (NAEPC)

National Association Of Estate Planners And Councils (NAEPC) What is 'National Association Of Estate Planners And Councils - NAEPC' A nationwide coalition of estate planners and estate pla

Ombudsman

Ombudsman What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman ca

Office Audit

Office Audit What is 'Office Audit' An examination of a taxpayer's records by the Internal Revenue Service to ensure the taxpayer's compliance with tax laws. In an office audit, the IRS in

Absolute Auction

Absolute Auction What is 'Absolute Auction' A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have a reserve price which sets a minimum required b

Sales Tax

DefinitionA sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point

Pari-Mutuel Revenues

Pari-Mutuel Revenues What is 'Pari-Mutuel Revenues' The income a gaming company earns from customers' mutual betting activities, most commonly on horse racing. Churchill Downs is an exampl

Foreclosure

DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the

Warehousing

DefinitionA warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usu

General Obligation Bond (GO)

General Obligation Bond (GO) What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and taxing power of the issuing jurisdiction r
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