Statute

Amend
To change or modify a legal document, statute, contract, or pleading without completely abolishing its original form.
Ordinance
A local law enacted by a city council or similar governing body that applies to persons and things within the local jurisdiction, holding the same force as a statute when duly enacted.
Statute
A statute is a written law created by a legislature under constitutional authority that governs conduct within its scope. Statutes prescribe conduct, define crimes, create subordinate government bodies, appropriate public monies, and promote the public welfare.

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.