Government Action

Consent Order/Decree
A consent order or decree is an agreement by a defendant to cease activities deemed illegal by the government. This agreement, subject to court approval, bypasses definitive judicial determination but is binding.
Involuntary Conversion
Involuntary conversion refers to the forced disposition of property, where the property owner is reimbursed for the property taken or destroyed.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.