U.S. Law

Common Law
Common Law is a system of jurisprudence that originated in England and was later applied in the United States. It is based on judicial precedent rather than on legislative enactment and is therefore derived from principles rather than rules.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Federal legislation that requires group health plans sponsored by employers with 20 or more employees to offer continuation of health insurance coverage to employees and their dependents after they leave their jobs. Employees must pay the entire premium plus up to 2% administrative costs.

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.