Prerogative

Prerogative
An unquestioned right or privilege that belongs to an individual, often due to their position, status, or membership in a particular group.
Privilege
A right or prerogative to perform specific actions that are exclusive to an individual or a group. It often stems from wealth, status, or specific societal structures.

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.