Encumbrance

[CompasX]

ENCUMBRANCE is
a) a right or interest in land owned by someone other than the owner of the land itself; examples include easements, leases, mortgages, and restrictive covenants; or,
b) in government accounting, an encumbrance is an anticipated expenditure, or funds restricted for anticipated expenditures, such as for outstanding purchase orders.

 

[hu28m]

Source: http://www.accountz.com/glossary.html#e
Definition: A liability (eg. a mortgage is an encumbrance on a property). Also, any money set aside (ie. reserved) for any purpose.

 

[thieuthuhang198]

Cam on nick hu28m nhieu nhieu nhe ! dung la tai lieu em dang can !
:wall: :0frown: