Government

Agency
Agency refers to the relationship between two parties where one, the agent, represents or acts on behalf of the other, the principal, in various contexts such as finance, government, investment, and personnel.
Bribe
A voluntary payment offered, usually surreptitiously, in expectation of a special favor. While offering a bribe is not always illegal, accepting one is unethical or frequently illegal.
Bureau
A particular department, agency, or office, often accompanied by the name of a specific agency, such as the Federal Bureau of Investigation (FBI). Bureaus are typically entities within a larger organization or government body, designed to manage specific types of tasks or responsibilities.
Capital Fund
A capital fund is a financing source specifically allocated for long-term initiatives, large projects, or investments, often used by non-profit organizations, governments, or businesses to support development and growth initiatives.
GOV (Government)
In various domains such as business law, taxation, and international business, the term 'GOV' refers to governmental bodies, regulations, or actions pertaining to public policies, administrative systems, and regulatory frameworks that impact businesses, individuals, and the economy.
Lawful Money
Lawful money refers to physical currency that a government has declared to be legally acceptable for financial transactions within its jurisdiction. This includes banknotes and coins that are officially recognized as a medium of exchange.
Minting of Money
Minting of money refers to the production, usually by the government, of currency, particularly coins.
Override in Various Contexts
The term 'override' carries distinct meanings across various fields, such as business, petroleum industry, contractual agreements, and government legislation. Understanding these variations can help in accurately interpreting the term based on the context.
Public Land
Acreage held by the government for conservation and various regulated activities, including grazing, wildlife management, recreation, and mineral development.
Tax Exemption
A tax exemption refers to a statutory provision which reduces or eliminates the obligation to pay a financial charge (tax) that would otherwise be imposed by a governing body.

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.