BOOKKEEPING n.
y, the method of keeping books by carrying the record of each transaction to the debit or credit of a single account. -- Bookkeeping by double entry, a mode of bookkeeping in which two entries of every transaction are carried to the ledger, one to the Dr., or left hand, side of one account, and the other to the Cr., o…
BUY v.
of a business. -- To buy in, to purchase stock in any fund or partnership. -- To buy on credit, to purchase, on a promise, in fact or in law, to make payment at a future day. -- To buy the refusal (of anything), to give a consideration for the right of purchasing, at a fixed price, at a future time.…
CASH n.
he salesman from customers to a cashier, and returns the proper change. [Colloq.] -- Cash credit, an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; -- called also bank credit and cash account. -- Cash sales, s…
CIRCULAR a.
rcle, as sines, tangents, secants, etc. -- Circular note or letter. (a) (Com.) See under Credit. (b) (Diplomacy) A letter addressed in identical terms to a number of persons. -- Circular numbers (Arith.), those whose powers terminate in the same digits as the roots themselves; as 5 and 6, whose squares are 25 and 36.…
COMMISSION n.
relative to an alleged bankrupty, and to secure the bankrupt's lands and effects for the creditors. -- Commission of lunacy, a commission authoring and inquiry whether a person is a lunatic or not. -- Commission merchant, one who buys or sells goods on commission, as the agent of others, receiving a rate per cent as…