Contra meaning

History and Etymology for contra. Any of the musical instruments in the contrabass range, e. Contra accounts are reported on the same financial statement as the associated account. The NES game features two.

For example, a contra account to accounts receivable is a contra asset account.

This type of account could be called the allowance for doubtful accounts or bad debt reserve. What is contra bonos mores? Meaning of contra bonos mores as a legal term. Looking for online definition of contra - in the Medical Dictionary?

Information and translations of contra in the most comprehensive. Audio pronunciations, verb conjugations, quizzes and more. Contrast definition is - to set off in contrast : compare or appraise in respect to differences —often used with to or with.

How to use contrast in a sentence.

Definition of Contra Account. Origin of contraClassical Latin. And the movie accepts his assertion that he knew nothing of the illegal diversion of funds to the contras fighting in Nicaragua.

Some military bases were covers for Nicaraguan contras. See authoritative translations of Contra in English with example sentences, phrases and audio pronunciations. Derived terms Hungarian words.

Following are the Transactions- to be accounted under the Contra. So contra can be a dangerous activity when there is a sudden, unexpected market movement and you do not have sufficient funds to pay for your transaction. This buying and selling of the stock within the three-day period is known as contra trading. In accounting software you might set up a contra account to be able to handle such a transaction. A term often used in Construction that refers to offsetting a particular element of works to another contrator.

A contra charge is a effectively a back-charge. Contra legem is a Latin phrase which means against the law. Contra Legem is the opposite of intra legem, a term used to describe an equitable decision of a court or tribunal that is consistent with the rules of law governing the controversy. For instance, the prefix contra -gave rise to the words contradict and contrast, whereas the variant spelling counter-gave rise to counteract and counterfeit.

To contradict someone is to speak “against” what she is saying, whereas a counterclockwise direction is “opposite” of the normal way a clock’s hands usually run.

Literally translated from Latin, it means against the world. Also called contra asset or. I did not want to open a contra account , because I already had an account and I did not want to keep track of another one. It is described as contra because having a credit balance in an asset account is contrary to the normal or expected debit balance. A debit balance in a contra asset account will violate the cost principle.

Examples of Contra Asset Accounts.