BREACH OF CONTRACT is the failure to perform provisions of a contract.
EXERCISE, in business or law, to make use of a right available in a legally binding agreement, e.g. to implement the right of the holder of an option to buy (in the case of a call) or sell (in the case of a put) the underlying security.
BAD DEBT EXPENSE see UNCOLLECTIBLE ACCOUNT EXPENSE.
Enter a term, then click the entry you would like to view.