Legal Decisions

Judgment
Judgment refers to the determination or decision of a court, or a monetary decision for property taken for public use. It also encompasses the use of understanding and intuition to resolve problems.
Reversal
Reversal, a multifaceted term, can signify a change in direction of financial markets, an offsetting accounting entry, a negative business event, or the overturning of a court decision.

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.