WITHOUT PREJUDICE Definition

Bookmark and Share

WITHOUT PREJUDICE is to come to agreement without negating the right or ability to take some form of action in the future, e.g. a legal case can be settled without prejudice, allowing for future legal action if desired by one or more of the parties to the settlement.

Learn new Accounting Terms

VOSTRO ACCOUNT is a local currency account maintained with a bank by another bank. The term is normally applied to the counterpartys account from which funds may be paid into or withdrawn, as a result of a transaction.

DEPRECIATION EXPENSE is the amount deducted from gross profit to allow for a reduction in the value of something because of its age or how much it has been used. When you buy and own equipment, your business may be entitled to deduct a depreciation expense.

Suggest a Term

Enter Search Term

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