Coupon. A certificate of interest due, printed at the bottom of transferable bonds, designed to be cut off and presented for payment when the interest is due. Credit Memorandum. A notice sent to a purchaser stating that an allowance has been made for goods returned, or for other causes. Deed. A contract under seal, usually transferring the title of real estate. Depreciation. A falling of value. Dishonor. A refusal to pay an obliga

tion when due, or to accept a draft when presented for acceptance. Dividend. The allotment to each stock

holder in the division of profits. Drayage. Charges for conveying goods

from one place to another. Exchange. The method by which debts

are discharged without the actual transference of money; the rate at which such exchange can be made. Extension. An allowance of further time for the payment of a debt. Fixtures. That part of the furnishings of a store or an office which is not movable.

Footing. The adding of a column of fig

ures, or the result of such addition. Forgery. The writing of another's

name, as a signature, with fraudulent intent, or the altering of a written document.

Franchise. A certain right or privilege,

granted by a government to individuals or corporations. Freight. Compensation paid for the

transport of goods or other property; that with which anything is laden for transportation.

Good Will. The value, in a business, of

established reputation or patronage. Guaranty. An agreement by which one person promises to make another secure in the possession or enjoyment of something; a security against loss.

Honor. To accept a draft, or to pay it when due.

Income. The total amount of the earnings and the receipts of money from all sources. Index. An alphabetical table of contents. Indorse. To write one's name on the

back of a note, a check, or a draft; to record a partial payment on the back of a note.

Installment. A sum of money paid in stated portions.

Insurance. Indemnity against loss; the premium paid for insuring. Jobber. A merchant who buys goods from importers and manufacturers, and sells to either wholesale or retail merchants.

Liquidation. Act or process of settling debts.

Lease. A contract, usually in writing, for the temporary possession of real estate or other property. Letter of Credit. A letter usually issued by a bank, addressed to banks in foreign cities, directing payment of a stated amount to the holder. Such letters are usually carried by travelers.

Manifest. An invoice of a ship's cargo. Mercantile Agency. An institution which

obtains and furnishes information regarding mercantile enterprises, their financial standing, their business reputation, etc.

Money. Current coin; any circulating medium.

Mortgage. A conditional transfer of the

title to real estate or chattels as security for the payment of a debt. Negotiate. To treat with another with a view to reaching an agreement; to transfer for a valuable consideration.

Net. Clear of all charges or deductions. Notary. A public officer who takes acknowledgments of legal documents and protests paper for nonpayment.

Open Account. A running or an unsettled

account.

Open Policy. An insurance policy covering undefined risks and admitting of subsequent indorsements or additions.

Outstanding Accounts. Book accounts

remaining unpaid. Overdrawn. A term applied to a bank

account when a check has been

issued for an amount greater than one's credit balance. Patent. An exclusive right to an invention, issued by a government. Pawnbroker. One who makes a business

of lending money on personal property pledged and in his keeping. Power of Attorney. A legal authority to

act for another. Premium. The consideration paid for a

contract of insurance; a sum or bonus in addition to the capital. Protest. A formal notice, issued by a notary to the indorser or the indorsers of a note or draft, of the nonpayment of a note or a draft, or the nonacceptance of a draft. Quotations. The published or current prices of stocks, bonds, or any commodity.

Rebate. An allowance for overcharge, for

early payment, or for other reasons. Receiver. A person appointed by the court to hold in trust property which