Background checks can save employers thousands of dollars for minimal cost By John Parker
Several years ago, assigned as a detective sergeant, I received a call from a business owner regarding the theft of $130,000 from her company’s bank account. She suspected her bookkeeper of embezzling the money. During the course of the investigation, we discovered the bookkeeper was terminated by a previous employer for embezzling $60,000.
Abatement
A reduction in some amount that is owed, usually granted by the person to whom the debt is owed. For example, a landlord might grant an abatement in rent. In estate law, the word may refer more specifically to a situation where property identified in a will cannot be given to the beneficiary because it had to be sold to pay off the deceased debts. Debts are paid before gifts made in wills are distributed and where a specific gift has to be sold to pay off a debt, it is said to "abate" (compare with "ademption").
Are you in compliance? Corporate Recordkeeping Made Easy
Do you tend to ignore your corporate record keeping responsibilities and just hope for the best? Does keeping your corporate minute book complete and up-to-date seem relatively unimportant and all too easy to overlook? If so, you may be at risk and not even know it. Learn More
Legal Disclaimer
The Legal Help Center is provided by LawInfo.com, Inc. and is not endorsed by, supported by, or affiliated with San Antonio Express-News. San Antonio Express-News makes no representations concerning the content of The Legal Help Center or the attorneys listed in the Lead Counsel Program. Consequently, San Antonio Express-News cannot be held responsible for the accuracy, relevancy, copyright compliance, legality or decency of material contained in this section, the search results or any legal information otherwise linked to the San Antonio Express-News (www.mysanantonio.com) site.
All information in The Legal Help Center, including Legal Analysis articles, forms, documents and FAQs, are for educational purposes. None of it has been reviewed by legal counsel and may not fit your specific situation. Due to the intense personal nature of any legal issue, it is suggested that you consult with appropriate legal counsel to ensure your issues are resolved to your satisfaction.
Abatement