Bona vacanță ( Romanian pronunciation: [ˈbona vaˈkant͡sə]; Latin for “good vacancy”), also known as domus vacanță (“vacant house”), is a legal term used in Romania to refer to unclaimed property. The term is derived from Roman law, where it originally referred to property that was ownerless and without an heir. Under Romanian law, bona vacantia … Read more
A capital allowance is an amount that can be deducted from the taxable profit of a business for a particular year. The purpose of capital allowances is to encourage businesses to invest in capital equipment by providing tax relief. There are two main types of capital allowance: 1. Annual Investment Allowance (AIA) The AIA is … Read more
Utilitarianism: What It Is, Who Founded It, and What Its Main Principles Are What is the greatest happiness principle in utilitarianism? The greatest happiness principle is the cornerstone of utilitarianism, which is the ethical theory that holds that the right thing to do is the one that maximizes overall happiness. The principle states that we … Read more
A Production Credit Association (PCA) is a financial institution that extends credit to farmers and ranchers. The PCA is a cooperative, owned by its members, and governed by a board of directors elected by the membership. The PCA makes loans for the purchase of livestock, feed, seed, fertilizer, fuel, and other production and operating expenses. … Read more
Private equity is a type of investment that is typically made by firms or individuals that are not publicly traded. Private equity can take many forms, but is typically characterized by its longer-term horizon and higher level of risk than traditional investments. There are many ways to invest in private equity, but one common method … Read more
The International Competitive Bidding (ICB) process is a means of procuring goods and services from foreign suppliers through a public and transparent process. It is widely used by governments and international organizations to ensure that contracts are awarded to the most qualified and lowest-priced bidder. ICB is governed by a set of rules and regulations … Read more
Slander is a false and defamatory statement made about someone without any legal justification. It is considered a form of defamation, and is punishable by law in many countries. There are two types of slander: libel and slander. Libel is a written defamatory statement, while slander is an oral defamatory statement. Slanderous statements are often … Read more
The Brunei Investment Agency (BIA) is the sovereign wealth fund of the Sultanate of Brunei. Established in 1983, the BIA manages a portfolio of investments on behalf of the Brunei government. The BIA is overseen by the Ministry of Finance and is headquartered in the capital city of Bandar Seri Begawan. The BIA’s investment mandate … Read more
Capital controls are measures imposed by a government to regulate the flow of capital in and out of the country. They are usually introduced in times of economic or financial instability, in order to prevent a sudden outflow of capital that could destabilize the economy. Capital controls can take many different forms, including restrictions on … Read more
A petition in a court of law is a formal request made to a judge or other judicial officer on behalf of a person or group of people. The person or group making the request is known as the petitioner, and the person or group against whom the request is made is known as the … Read more
