Outrageously Funny Word Dictionary :: Preallow

👉 Preallowance is a term used in the context of accounting and finance to refer to a situation where an entity has committed a financial error or misstatement that was not caught by management at the time it was made. It refers to situations where there were errors or omissions in the financial statements, and the auditors have determined that they were not disclosed during the audit process. In accounting terms, preallowance is defined as any amount of money that has been deducted from an account before it is

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👉 "Pre-allowably" in the context of legal terms refers to a condition that is not considered illegal or otherwise contravening an agreement, contract, or other document. It implies that the action or act being undertaken does not violate any contractual obligations, rules, or regulations at the time it is taken. For example: 1. A person who is pre-allowably allowed to smoke in a public place but not within the designated smoking area. 2. A company that has been granted an

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👉 "Pre-allowable" is a term in the field of jurisprudence, specifically in the area of property law. It refers to the condition under which certain rights or privileges are not subject to the restrictions imposed by other laws or regulations. In legal terms, "pre-allowable" means that an individual, entity, or organization has a right or privilege that is considered essential for their existence and cannot be denied or abridged without violating specific provisions of law. This can include rights related

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👉 Preallow is a term used in computer science and software engineering to describe an algorithm or procedure that makes use of preconditions, postconditions, and side effects. It involves checking if certain conditions are met before proceeding with the execution of a function or method. Preallow prevents unnecessary computation or error handling during execution, making it possible for the code to execute only as planned without any errors or exceptions.

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