Legal Dispute

Adversary
An adversary refers to an opponent or litigant, typically in a legal context, who opposes another party in a controversy or litigation.
Frozen Account
A frozen account refers to a bank account from which funds may not be withdrawn until a lien is satisfied or a court order is received freeing the balance. This situation can occur due to legal issues such as disputes over the ownership of property.
Litigant
A litigant is a party actively involved in a lawsuit, either as a plaintiff or a defendant. They actively participate in litigation, seeking to resolve a legal dispute through judicial intervention.
Settle
The term 'settle' generally refers to paying an obligation. In legal contexts, it pertains to resolving a dispute short of adjudication or arranging for the disposition of property. In the realm of securities, it means completing a trade between brokers or between a broker and a customer.
Stipulated Facts
Stipulated facts are a set of facts that both parties in a legal or tax dispute agree upon ahead of time, which simplifies the dispute resolution by narrowing down the issues in contention.

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.