Legal Processes

Dedication of Land (Conveyance)
Dedication of land, also known as conveyance, is the practice of a private landowner granting a piece of land to the public, typically represented by a governmental entity, which accepts ownership. This is often done to promote goodwill or fulfill legal requirements.
Impound
Impounding refers to the legal process of seizing and retaining merchandise, funds, or records by an officer of the law. It generally aims to secure the items in question as evidence, prevent their misuse, or ensure compliance with legal procedures.
Mediation
Mediation is a voluntary and structured process whereby a neutral third party helps disputing parties to communicate and negotiate to reach a mutually acceptable resolution.
Notarize
Notarization is the official fraud-deterrent process performed by notaries public to ensure the genuineness of signatures on documents.

Accounting Terms Lexicon

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