Accounting Definition–noun | 1. | the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping). |
| 2. | a detailed report of the financial state or transactions of a person or entity: an accounting of the estate. |
| 3. | the rendering or submission of such a report. |
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From Dictionary
Term Definition–noun | 1. | a word or group of words designating something, esp. in a particular field, as atom in physics, quietism in theology, adze in carpentry, or district leader in politics. |
| 2. | any word or group of words considered as a member of a construction or utterance. |
| 3. | the time or period through which something lasts. |
| 4. | a period of time to which limits have been set: elected for a term of four years. |
| 5. | one of two or more divisions of a school year, during which instruction is regularly provided. |
| 6. | an appointed or set time or date, as for the payment of rent, interest, wages, etc. |
| 7. | terms, | a. | conditions with regard to payment, price, charge, rates, wages, etc.: reasonable terms. |
| b. | conditions or stipulations limiting what is proposed to be granted or done: the terms of a treaty. |
| c. | footing or standing; relations: on good terms with someone. |
| d. | Obsolete. state, situation, or circumstances. |
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| 8. | Algebra, Arithmetic. | a. | each of the members of which an expression, a series of quantities, or the like, is composed, as one of two or more parts of an algebraic expression. |
| b. | a mathematical expression of the form axp, axpyq, etc., where a, p, and q are numbers and x and y are variables. |
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| 9. | Logic. | a. | the subject or predicate of a categorical proposition. |
| b. | the word or expression denoting the subject or predicate of a categorical proposition. |
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| 10. | Also called terminus. a figure, esp. of Terminus, in the form of a herm, used by the ancient Romans as a boundary marker; terminal figure. |
| 11. | Law. | a. | an estate or interest in land or the like, to be enjoyed for a fixed period. |
| b. | the duration of an estate. |
| c. | each of the periods during which certain courts of law hold their sessions. |
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| 12. | completion of pregnancy; parturition. |
| 13. | Archaic. | a. | end, conclusion, or termination. |
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–verb (used with object) | 14. | to apply a particular term or name to; name; call; designate. |
—Idioms| 15. | bring to terms, to force to agree to stated demands or conditions; bring into submission: After a long struggle, we brought them to terms. |
| 16. | come to terms, | a. | to reach an agreement; make an arrangement: to come to terms with a creditor. |
| b. | to become resigned or accustomed: to come to terms with one's life. |
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| 17. | eat one's terms, British Informal. to study for the bar; be a law student. |
| 18. | in terms of, with regard to; concerning: The book offers nothing in terms of a satisfactory conclusion. |
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From Dictionary
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