Privileges

Legal Right
A legal right is an interest that the law will protect. It is a privilege or entitlement granted by a legal system to individuals or entities, allowing them to perform certain actions or be free from others performing certain actions against them.
Prerogative
An unquestioned right or privilege that belongs to an individual, often due to their position, status, or membership in a particular group.

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.