Legal

Condemnation Award
A Condemnation Award refers to the monetary compensation or value of other property received by an entity or individual for property that has been condemned by a government authority for public use, or from the sale of property under threat of condemnation.
Libel
Libel is a tort consisting of a false, malicious, unprivileged publication that aims to defame a living person or to mar the memory of one deceased. Printed or written material, signs, or pictures that tend to expose a person to public scorn, hatred, contempt, or ridicule may be considered libelous.
Offer
An offer is a clear proposal to sell or buy goods or services at a specified price, creating a legally binding contract upon acceptance.
Slander
Slander involves making false spoken statements which are damaging to another person's reputation. It is a form of defamation that is communicated orally.

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.