Rights

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.
Right
In legal and ethical contexts, a right refers to a justified claim or entitlement that individuals or groups possess. These rights can be grounded in moral obligations or codified within legal systems, such as Subscription Rights in securities.
U.S. Citizen
A U.S. citizen is any person born or naturalized in the United States and subject to its jurisdiction. This status affords certain rights, privileges, and responsibilities under U.S. law.

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.