ABSORPTION Definition

Bookmark and Share

ABSORPTION see ABSORB.

Learn new Accounting Terms

PERPETUAL SUCCESSION is one of the legal distinctions between a business and a company. A company has perpetual succession meaning that a change in the membership does not affect the existence of the company whereas a business does not enjoy this perpetual succession. For example, in the case of a partnership, which is one form of business registration, a change in the membership affects the partnership.

HARD COPY is a printed copy of information as opposed to information stored in computer readable form.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.