Terminologies of BCRW

Only available on StudyMode
  • Download(s) : 296
  • Published : May 13, 2011
Open Document
Text Preview
Market Value:
Market Value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.

Suspension or postponement of the hearing of a case, either to a definite future date or indefinitely (called sine die adjournment).

The proposals were adopted unanimously.
Shared as a view by all of the people concerned,
with nobody disagreeing.
Complete agreement by all people in a given situation. When unanimous, everybody is of same mind and acting together as one.
A veto, Latin for "I forbid", is the power of an officer of the state to unilaterally stop an official action, especially enactment of a piece of legislation.

Ad-hoc is a Latin phrase meaning "for this". It generally signifies a solution designed for a specific problem or task, non-generalizable, and not intended to be able to be adapted to other purposes.

Standing Order:
A Standing Order (or a Standing Instruction) is an instruction a bank account holder gives to his bank to pay a set amount at regular intervals to another account.

Written authorization from an absent member (or a shareholder, called the...
tracking img