Legal Principles

Common Law
Common Law is a system of jurisprudence that originated in England and was later applied in the United States. It is based on judicial precedent rather than on legislative enactment and is therefore derived from principles rather than rules.
Damages
Compensation, in monetary form, for a loss or injury, breach of contract, tort, or infringement of a right.
Pleading
A pleading is a formal document submitted to a court, outlining the facts and legal grounds that constitute a plaintiff's cause of action or a defendant's grounds of defense. This document delineates the dispute and serves as the foundation for the legal proceedings.

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.