Crime

Crime
A crime is an act that the government has determined to be injurious to the public and which can therefore be prosecuted in a criminal proceeding. Crimes encompass felonies and misdemeanors.
Ex Post Facto
Ex post facto is a Latin term meaning 'after the fact.' In legal contexts, it refers specifically to laws that make an act punishable as a crime retroactively, where the act was not considered a crime at the time it was committed. Such laws are prohibited by the U.S. Constitution.
Legal Wrong
A legal wrong is an act that infringes upon a legal right, causing harm or loss to another party, which may lead to liability or legal consequences.
Special Multiperil Policy (SMP)
An overview of the Special Multiperil Policy (SMP), which offers comprehensive insurance coverage for large businesses across property, liability, crime, and boiler/machinery.

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.