Inventory appears as a current asset on an organization's balance sheet because the organization can, in principle, turn it into cash by selling it.

This principle is widely understood to mean uncertainty in the contractual terms and / or the uncertainty in the existence of an underlying asset in a contract, which causes issues for Islamic scholars when considering the application of derivatives.

The asset approach to business valuation is based on the principle of substitution: no rational investor will pay more for the business assets than the cost of procuring assets of similar economic utility.

In principle, if a fixed asset is bought during the year by one organization, and then resold to another organization during the same year, it should not be counted as investment twice over in that year ; otherwise the true growth of the fixed capital stock would be overestimated.

A Deferred expense ( prepaid expenses or prepayment ) is an asset used to costs paid out and not recognized as expenses according to the matching principle.

Depreciation is used to distribute the cost of the asset over its expected life span according to the matching principle.

The primary principle of infonomics is the recognition of information as an enterprise asset.

The laissez faire principle expresses the preference for an absence of non-market pressures on prices such as those from government taxes, subsidies, tariffs, regulation ( other than protection from coercion and theft ), or government-granted or coercive monopolies.

The term " Geiger counter " is commonly used to mean a hand-held survey type meter, however the Geiger principle is in wide use in installed " area gamma " alarms for personnel protection, and in process measurement and interlock applications.

The main principle of the plea bargaining is that it must be based on the free will of the defendant, equality of the parties and advanced protection of the rights of the defendant:

The principle of Privacy by Design states that privacy and data protection are embedded throughout the entire life cycle of technologies, from the early design stage to their deployment, use and ultimate disposal.

The principle does not state how the decision is to be made, or what the outcome should be, whether it be independence, federation, protection, some form of autonomy or even full assimilation.

Protection of trade secret can, in principle, extend indefinitely and therefore may provide an advantage over patent protection, which lasts only for a specific period of time.

The February 2, 2000 European Commission Communication on the Precautionary Principle notes: " The precautionary principle applies where scientific evidence is insufficient, inconclusive or uncertain and preliminary scientific evaluation indicates that there are reasonable grounds for concern that the potentially dangerous effects on the environment, human, animal or plant health may be inconsistent with the high level of protection chosen by the EU ".

On the other hand, Geoffrey R. Stone has expressed sympathy with the Court's equal protection reasoning, even though Stone was dismayed by what he saw as the sudden and suspect conversion of Justices Rehnquist, Scalia, and Thomas to that equal protection principle.

This principle describes the balance between articles 1 and 2: the exchange of sovereignty by the Māori people for the protection of the Crown.

The preservation of a resource base, restoration of tribal self-management, and the active protection of taonga, both material and cultural, are necessary elements of the Crown ’ s policy of recognising rangatiratanga. The Government also recognised the Court of Appeal ’ s description of active protection, but identified the key concept of this principle as a right for iwi to organise as iwi and, under the law, to control the resources they own.

An example of legal protection without obligation to act: in common-law areas of Canada a good Samaritan doctrine is a legal principle that prevents a rescuer who has voluntarily helped a victim in distress from being successfully sued for ' wrongdoing '.

An opposing principle calls for an international minimum standard of justice ( a sort of basic due process ) that would provide a base floor for the protection of rights and of access to judicial process.

It was very impressed by the excellent shaped-charge protection combined with the penetrator impact damage limitation, inherent to the principle of using tiles.

Mahan argued for a universal principle of concentration of powerful ships in home waters and minimized strength in distant seas, while Fisher reversed Mahan by utilizing technological change to propose submarines for defense of home waters and mobile battle cruisers for protection of distant imperial interests.

A text of the Hague convention pointed directly on that the base for it acceptance is a principle of cultural values protection during the war established at Hague peace conventions in 1899 and 1907 and also in the Roerich Pact.

I venture to express the opinion that will find among the projects and plans which he will be called upon to discuss none containing a more Socialistic principle than that which is embodied in his own scheme, which, whether it can properly be described as a scheme of protection or not, is certainly a scheme under which the State is to undertake to regulate the course of commerce and of industry, and tell us where we are to buy, where we are to sell, what commodities we are to manufacture at home, and what we may continue, if we think right, to import from other countries.

Although subsequent decisions have disputed whether a particular contracting-out exercise constituted a transfer of an undertaking ( see, for example, Ayse Süzen v. Zehnacker Gebäudereinigung GmbH Krankenhausservice, Case C-13 / 95 ), in principle, employees of an enterprise outsourcing part of its activities in which they are employed may benefit from the protection offered by the directive.

" As an example, the enforcement action taken in late 2006 against firms mis-selling payment protection insurance was based on their violation of principle six of the FSA's Principles for Business, rather than requiring the use of the sort of complex technical regulations that many in financial services find burdensome.

: This " raises serious issues pertaining to the principle of nullum crimen, nulla poena sine lege laid down in Article 7 of the ECHR and also to the right to the protection of property laid down in Article 1 of the Additional Protocol to the ECHR.

In principle, a similar protection to a geographical indication could be obtained through a collective trade mark.

" Northern Democrats did not oppose it in principle but still demanded protection for the varying interests of their own constituents.

However, since the earlier policy as described in the Bylaws of October 2002 placed the HL7 protocol specifications in the Public Domain, and under 17 USC § 102 there is no copyright protection for an " idea, procedure, process, system, method of operation, concept, principle, or discovery ", this revised policy may not be enforceable.

It became the sole `` subject '' of `` international law '' ( a term which, it is pertinent to remember, was coined by Bentham ), a body of legal principle which by and large was made up of what Western nations could do in the world arena.

For better or for worse, we all now live in welfare states, the organizing principle of which is collective responsibility for individual well-being.

Whether a concept analogous to the principle of internal responsibility operates in a nation's external relations is less obvious and more difficult to establish.

) The concept of nationalism is the political principle that epitomizes and glorifies the territorial state as the characteristic type of socal structure.

Complementing the political principle of nationalism is the legal principle of sovereignty.

As Lipton puts it: `` The Eros is felt in the magic circle of marijuana with far greater force, as a unifying principle in human relationships, than at any other time except, perhaps, in the mutual metaphysical orgasms.

But Aristotle kept the principle of levels and even augmented it by describing in the Poetics what kinds of character and action must be imitated if the play is to be a vehicle of serious and important human truths.

So far as the existing body of formal principle and procedure is concerned, categorical novelties are not to be anticipated in Jewish-Gentile relationships ; ;

In conformance with the maximization principle we affirm that Gentile-Jewish relations will be harmonious or inharmonious to the degree that one relation or the other is expected by the active participants to yield the greatest net advantage, taking all value outcomes and effects into consideration.

Like ours, the economy of the space merchants must constantly expand in order to survive, and, like ours, it is based on the principle of `` ever increasing everybody's work and profits in the circle of consumption ''.

The principle is commendable but we suspect that in the practice somebody is going to get gulled.

In the United Nations Charter, the right of self-determination is also an essential principle.

Nonetheless, although few in number they are a stubborn crew, as tenacious of life as the Hardshell Baptists, which suggests that there is some kind of vital principle embodied in their faith.

What we will be sacrificing in any such arrangement will be our power to be selective which is contained in the reciprocal trade principle under which we now operate.

A second fundamental principle is that involved particularly in the present proceeding -- the difference between nighttime and daytime propagation conditions with respect to the standard broadcast frequencies.

In following this general principle, Mason provides the observer with a natural eye progression from foreground to background, and the illusion of depth is instantly created.

The principle of `` bills only '', or `` bills preferably '', seems so strongly accepted by the Federal Reserve that it is difficult to envision conditions which would persuade the authorities to depart radically from it by extending their open market purchases regularly into long-term Government securities.

In fact, some -- Anzilotti is the principle example -- went so far as to say that all international law could be traced to the single legal norm, Pacta sunt Servanda.

Obviously, the goal here proposed is the guiding principle in Mr. Justice Frankfurter's opinions -- to the extent that Congress leaves the problem to judicial discretion.

Mr. Justice Black no doubt concurs in principle but is more apt to make exceptions to achieve a generous and `` just '' result.

It is an accepted juridical principle in California that a Superior Court decision does not constitute a binding legal precedent.

Logically, then, the first principle of the plan must be that it is not rigidly oriented toward any geographical area.

Therefore the second principle of the plan must be that, while providing for all-out hostilities, its effectiveness is not dependent on general war.