A general partnership, or GP for short, is the amalgamation of at least two shareholders to operate a commercial trade. As part of this partnership, the partners are fully liable with their private and business assets for the company’s debts. The main features of the general partnership It is possible to set up a general…
Author: definitionexplorer
Liabilities Definitions
The creation of an opening balance sheet or closing balance sheet is indispensable within the business or financial accounting. The databases that are listed on the left – under the so-called assets side (assets) and opposite them are the so-called monetary values of the liabilities side (liabilities). These circumstances are regulated by legal definition within…
Cost Definitions
Costs are all costs incurred for or in the production of goods and services. In the case of manufacturing companies, prime costs are made up of material and manufacturing costs, to which additional costs such as administration and sales costs are added. However, if it is purely a trading company, the cost costs are calculated…
Hidden Reserves Definitions
A hidden reserve is simply referred to as a reserve. It is achieved when assets are set too low or liabilities are set too high. As a result, the company’s balance sheet cannot be seen by an outsider. As a rule, many companies create a hidden reserve in company cars. If the car is bought…
Company Name Definitions
When it comes to the company name of a company, this depends crucially on the legal form in which it is founded or managed. In Germany, the entrepreneur has a wide variety of options for this. It starts with sole proprietorships for start-ups who run their businesses alone and extends to partnerships with the legal…
Waybill Definitions
A waybill is an accompanying document that plays an important role in connection with the transport of goods and the associated freight contracts. The regulations for the consignment note can be found in §§ 407 ff. HGB. The waybill and the important regulations According to foodanddrinkjournal, carrying a waybill was still required by law in…
Kennel Liability Definitions
Those who keep several dogs often pay considerable sums for dog insurance and Co. A kennel liability insurance helps to reduce the insurance amounts. What is kennel liability? A kennel liability is not what most people might think of when you hear the term: In order to be able to conclude a kennel liability, you…
Franchise Definitions Part II
How can you become a franchisee? If you look at the success of the franchise company, the question arises of how you can become a franchise partner yourself. However, before you can start negotiations with a franchisor, you should first get an overview of the various concepts. The franchise profiles of the individual partners are…
Franchise Definitions Part I
The franchise, also known as franchising, is a proven business model that has been operated successfully for more than 150 years. While this system first found its way into Germany in the 1980s, the USA are considered to be the pioneers in this area. Put simply, the franchise describes a cooperation between independent companies that…
Dog Care Definitions
If you like to vacation in exotic countries and want to spare your dog the stress and noise of a flight, you have to think about where to put him during the vacation. For many people, family members or neighbors take care of the pet during the vacation. However, if you cannot fall back on…
Dog Barking Definitions
Dogs that bark do not bite. But dog barking in particular is often a significant disruptive factor. This happens again and again, especially in urban residential areas. Many dogs bark when they are alone – and the neighbor has to listen to it. While you can stop your dog from barking at strangers or when…
Abrasion Definitions
In contrast to tooth decay and periodontal disease, abrasion or tooth wear is a less well-known issue as a threat to dental health. What are the causes and how can you protect yourself against the loss of tooth structure? Abrasion or abrasion dentium refers to the wear and tear of hard tooth substance. Attrition is…
Amalgam Definitions
In Germany there are around 50 million fillings every year. The filling material, which the statutory health insurance companies pay 100 percent, is amalgam. A material that arouses controversy between supporters and opponents. Amalgam for dental fillings consists of an alloy of mercury (50 percent) with copper, silver and tin. The statutory health insurance companies…
Dining Room Definitions
Dining room is called the environment or space that is intended for the act of eating (eating food). In homes, the dining room can be a room dedicated exclusively to this action or a sector integrated into another environment (such as the kitchen-dining room or the living-dining room). For example: “Dinner is ready, you can…
Commensalism Definitions
Commensalism is known as a type of interaction that occurs in biology, where one of the parties obtains some benefit and the other is not favored, but is not harmed either. The concept comes from the Latin expression com Mensa, which can be translated as “sharing a table”. The original use of the term, therefore,…
Comment Definitions
A comment is an opinion, judgment or consideration that someone makes about another person or something. Said mention can be made orally or in writing. For example: “When judging someone else’s work, destructive comments are never welcome”, “The coach promised to explain the reason for his decision but clarified that he will not accept any…
Column Definitions
A column is a vertical support, with an elongated shape, which allows it to support the weight of a structure. The usual thing is that its section is circular: when it is quadrangular, it is called a pillar. As an architectural element, columns are classified differently according to the link they maintain with the rest…
Journalistic Column Definitions
Column is a common term in the field of architecture. It is the vertical support that allows to support the weight of a structure. The concept is also used to refer to a memorial or to name an individual or thing that supports a group of people or a structure. A military formation that marches…
Spinal Definitions
The concept of column refers to the vertical support that is used to support the weight of something. Vertebral, on the other hand, is that associated with vertebrae (the short bones that are articulated and that make up the spine of vertebrates). The skeletal axis of beings with vertebrae, formed by this series of small…
Swing Definitions
Before going fully into the meaning of the term swing, let’s know its etymological origin. In this case, we can establish that it is a word that derives from the Greek “kolymban”. The notion of swing comes from swing: swing, swing. Swing is the device that consists of a seat tied through ropes or chains…
Collusion Definitions
The etymology of collusion leads us to the Latin word collusio. The notion refers to an illicit agreement that two or more parties establish with the aim of causing harm to a third party. In the economic field, a collusion is an agreement developed by companies that operate in the same market to coordinate actions…
Comma Definitions
The idea of a comma is used in multiple ways depending on the context. The term can refer to the orthographic sign (,) that allows separating certain elements in a sentence: interjections, vocatives, enumerated objects, etc. It is also used to differentiate between possible meanings and to establish the preposition of a sentence element. Suppose…
Partnership Definitions
The Italian word accomandita came to French as commandite, which later derived, in our language, into comandita. The concept is used in the field of commerce to name a company that is established as a group, in which the partners have different responsibilities. In a limited partnership, also called a limited partnership, there are two…
Command Definitions
It is called command a small group of shock troops specializing in venture into enemy territory. The concept is also used with reference to soldiers who are part of this type of force. The commandos, in this framework, are units dedicated to special operations that are carried out behind enemy lines. In order to carry…
Region Definitions
A region is a region that differs from the rest due to its historical, social, cultural or geographical characteristics. In some countries, comarcas are administrative entities made up of several municipalities. The delimitation of a region may be due to different reasons and interests. In general, it is sought that the delimited territory has its…
Combat Definitions
Establishing the etymological origin of the term combat takes us to Latin where experts determine that we can find that one. Specifically, it seems that it comes from the Latin word battuare, which can be translated as “hitting”. A combat is a fight or confrontation. It can involve two or more people, although there are…
Colophon Definitions
The etymological origin of the term colophon is found in Latin, exactly in the word “colophon”. However, this in turn derives from the Greek “kolophon”, which can be translated as “summit” or “crowning of something”. The DigoPaul indicates as the first meaning of the concept the annotation that is made at the end of a…
Colloid Definitions
The concept of colloid is used to name that substance that, being in a liquid, disperses little by little. A colloid is made up of two phases: a dispersing or dispersing phase and a disperse phase. The dispersing phase is a fluid: a continuous substance. The dispersed phase, on the other hand, is made up…
Pigeon Racing Definitions
The concept of pigeon racing is used to refer to the activity that consists of raising and preparing racing pigeons. The notion refers to the knowledge and techniques that make it possible to turn these birds into animals capable of carrying messages and then return to their place of origin. In addition to its meaning,…
Colon Definitions
The colon is the portion of the large intestine in mammals that begins where the cecum ends and ends where the rectum begins. The cecum, colon, rectum, and anal canal form the crass intestine, which is the penultimate portion of the digestive system. The crass intestine can be defined as a muscular tube one and…