Legal Cases

Contingent Fee
A contingent fee is a payment to a lawyer for legal services that depends, or is contingent, upon winning the case. Often indicates a percentage of the awarded amount.
Of Record
The term 'of record' refers to the official recording of documents such as deeds or mortgages with the appropriate entity, as well as testimony recorded as the official transcript of a legal case. The 'attorney of record' is the officially designated lawyer for a party upon whom legal papers may be served.

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.