_Loss and Gain_--The amount of profits or losses of a business.
_Manifest_--A list or schedule of the articles in a ship's cargo, or of the goods comprising a shipment.
_Maturity_--The time when an obligation or an account is due.
_Mercantile Agency_--A company which obtains and keeps for the use of its customers information showing the standing of business firms.
_Merchandise_--The stock in trade, or goods bought to be sold again.
_Money Order_--An order instructing a third party to pay money to the person named. A form in which money is transmitted.
_Monopoly_--The exclusive control of the manufacture or sale of an article.
_Mortgage_--A temporary transfer of title to land, goods, or chattels to secure payment of a debt.
_Mortgagor_--One who gives a mortgage. The one to whom the mortgage is given is the _mortgagee_.
_Negotiable_--An agreement or any commercial paper which can be transferred by delivery or endorsement--as a bank note or promissory note.
_Net_--Less all charges or deductions. _Gross_ assets less liabilities leaves _net_ capital; _gross_ income less all expenses leaves _net_ profit; etc.
_Nominal_--Having no actual existence; exists in name only.
_Open Account_--An account which has not been paid.
_Opening Entries_--The entries made in the books when it is desired to open the accounts of a business.
_Option_--The right to be the first purchaser; a privilege.
_Orders_--Requests for the shipment of goods.
_Original Entry_--The first record made of a charge or credit which becomes the basis of proof of the account.
_Overdraw_--To draw a check for a greater amount than the drawer has on deposit in a bank.
_Partnership_--A firm; a union of two or more persons for the transaction of business or the ownership of property.
_Payee_--The one to whom money is to be paid. The one who pays the money is the _payer_.
_Per Cent_ or _Per Centum_--By the hundred.
_Personal Account_--Any account with an individual, firm, or corporation.
_Personal Property_--All property other than real estate.
_Petty Cash_--A term used to signify small expenditures in actual cash.
_Postdate_--To date ahead; after the real date.
_Post_--To transfer amounts from books of entry to the ledger, which is the book of final record.