Simple English definitions for legal terms
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Term: INVISIBLE
Definition: When we talk about something being invisible, it means that we cannot see it. In accounting, the term invisible is used to describe things that are not reported in a financial statement. For example, if a company earns money from a source that is not mentioned in their financial statement, we call it invisible earnings.
INVISIBLE
Invisible, adjective. In accounting, refers to items that are not reported in a financial statement.
These examples illustrate how certain items can be considered "invisible" in accounting because they are not reported in a company's financial statement. This can include earnings or assets that are not recognized by traditional accounting methods, but still have value or impact on the company's overall financial health.