Law Compliance

Forfeiture
Forfeiture refers to the permanent loss of property for failure to comply with the law, resulting in the divestiture of the title of property, without compensation, for a default or an offense.
Social Responsibility
Social responsibility involves ethical and societally moral behavior. Socially responsible conduct supports acceptable societal standards and laws.

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.