Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Rally
n. A sharp rise in price or trading (as of stocks) after a declining market.
generally accepted accounting principles.
The conventions, rules, and procedures that define approved accounting practices at a particular time. ( These principles are issued by the Financial Accounting Standards Board for use by accountants in preparing financial statements. The principles include not only broad guidelines of general application but also detailed practices and procedures. - Abbr. GAAP. - Also termed generally accepted accountancy principles.
generally accepted auditing standards
The guidelines issued by the American Institute of Certified Public Accountants establishing an auditor's professional qualities and the criteria for the auditor's examination and required reports. - Abbr. GAAS. general manager See MANAGER.
severally, adj
Distinctly; separately <severally liable>.