Encumbrance is 1) 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, 2) in government accounting, an encumbrance is an anticipated expenditure, or funds restricted for anticipated expenditures, such as for outstanding purchase orders.
Do you ever stand in awe of those people who seem to know everybody and everything? I know I do! Regardless of what you're looking for, these people have their finger on the pulse of th... [ more... ]
Breaking bad news to customers is not an easy task. However, occasionally, it's a duty that many business people must carry out with empathy and professionalism.