Business and Personal Finance Dictionary

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• STATUTE OF FRAUDS - State law that requires certain contracts to be in writing and signed by the party ...
  
  
• STATUTE OF LIMITATIONS - That law pertaining to the period of time within which certain actions must be...
  
  
• STATUTORY ACCOUNT - an involuntary account, which is created by law rather than by business need. An ex...
  
  
• STATUTORY AUDITOR - normally part of the internal audit function operating in one or more of the follow...
  
  
• STATUTORY CHARGES - These are charges like stamp duty, sales tax etc., which are imposed by the governm...
  
  
• STATUTORY DEBT LIMIT - The cap that Congress imposes on the amount of public debt that may be outstandi...
  
  
• STATUTORY EMPLOYEE - A worker who is treated as an employee for Social Security and Medicare tax purpos...
  
  
• STATUTORY INVESTMENT - An investment that a trustee is authorized to make under state law.
  
  
• STATUTORY LAW - The laws, rules and regulations enacted by legislatures and other governing bodies. (Se...
  
  
• STATUTORY LIEN - A lien created by either federal or state legislatures or through court rulings. For e...