wex definitions

accounts receivable

Accounts receivable (abbreviated A/R) is money owed to a business by another business or individual in exchange for property or services that were provided on credit. The settlement of an account receivable begins by sending an invoice to...

accredited investor

Under federal law, an accredited investor is a special kind of investor that due to certain special circumstances or qualities - as the ones indicated in Rule 501 of Regulation D - is allowed to purchase or be offered to purchase unregistered...

accretion

Accretion, in law, usually refers to the slow addition of land next to water due to the water’s movement or the increase of beneficiary’s share of a trust due to the actions of another beneficiary.

Accretion from natural...

accrual method of accounting

Accrual method of accounting is the method used by most large businesses in reporting their liabilities and expected income. The accrual method requires businesses to report all economic transactions, whether liabilities or income “when all...

accrue

Accrue has two common definitions:

The accumulation of interest, income, or expenses. When a legal cause of action or legal claim comes into existence. The U.S. Supreme Court in Wallace v. Kato, 549 U.S. 384, 388 (2007), stated...

accumulated earnings

Accumulated earnings represent a company’s net profit after having distributed dividends to the stockholders. It is often used in accounting to determine how much net profits a company has left after having paid dividends. To calculate...

accumulation trust

Accumulation trust is a type of see-through trust that allows withdrawals to be made or kept within the trust. See-through trusts are established by people with individual retirement accounts (IRA) so that the assets in their IRAs are...

accusation

An accusation is informally stating that a person has committed an illegal or immoral act. An accusation is also formally charging a person with a crime either by a prosecuting attorney filing charges against or through a grand jury...

accusatory instrument

An accusatory instrument, similar to a criminal complaint, is a document which formally accuses a defendant of a criminal offense. Generally, this document must be signed by a party who has knowledge that the alleged criminal conduct took...

accused

"Accused" is a person who has been arrested for or formally charged with a crime. It is a generic name for the defendant in a criminal case.

This case from Tennessee, explains that a person becomes "accused" for purposes of...

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