Confidentiality

Accounting Ethics
Principles of morally right conduct in the accounting profession, emphasizing the need for accountants to act in the public interest while operating in a commercial environment.
Confidential
Private or secret information treated with trust, providing a feeling of security that the information will not be disclosed to unauthorized parties.
Discretion
Discretion refers to the freedom of a person to make choices within the boundaries of their authority, as well as the quality of being cautious and considerate in what one says or does.
Encoding
Encoding refers to the process of converting information or a message into a specific format or code, often to ensure confidentiality, efficient transmission, or storage.
Hush Money
Hush money refers to cash given to assure the silence of the receiver, often in a manner akin to a bribe. It is typically used to keep certain information confidential, preventing it from becoming public knowledge.
Non-Disclosure Agreement (NDA)
A Non-Disclosure Agreement (NDA) is a legally binding contract that establishes a confidential relationship and ensures that sensitive information shared between parties is protected and not disclosed to unauthorized parties. NDAs are widely used in various sectors, including the computer industry, to safeguard unreleased products and proprietary information.
Nondisclosure Agreement (NDA)
A nondisclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between parties to protect sensitive information from being disclosed to unauthorized third parties.

Accounting Terms Lexicon

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