General revenue


 

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General revenue

The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice.



General revenue

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General partner

General partner

A participant who has unlimited liability for the obligations of a partnership.


General lien

General lien

The legal right for a creditor to seize the assets of a debtor to satisfy an outstanding debt.


General ledger

General ledger

Accounting records that show all the financial statement accounts of a business.


General Lien

General Lien

(1) A lien such as a tax lien or judgment lien which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to specific property. (2) The right of a creditor to hold personal property of a debtor for payment of a debt not associated with the property being held. Must be done under an agreement since against general precepts of law.


General Order

General Order

A penalty imposed on imported goods that are not promptly cleared through customs.


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