COMMON LAW Definition

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COMMON LAW is an unwritten body of law based on general custom in England; it is used to some extent in the United States.

Learn new Accounting Terms

BILLABLE are those costs and/or expenses that are covered under a contractual agreement between two entities that may be billed to the receiving entity.

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

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