Lemon Laws

Lemon
A 'lemon' refers to a product or investment that performs poorly and fails to meet expectations. This term is commonly used to describe defective cars and underperforming stocks. Lemon laws in several states provide consumers with legal recourse for their underwhelming purchases.

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.