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in principle |
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in principle Related vocabulary: in theoryas a general idea, theory, or belief. Members of both parties agreed in principle that some federal dollars should be used to improve election systems. Usage notes: said about something done without considering details or special situations See also: principle |
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Although the effect on the numbers and on the financial statements is the same, financial statement users may have some difficulty understanding the difference between retrospective applications for changes in principle and retroactive restatements for error corrections. Bankruptcy Court for the District of Delaware conditionally approved the company's previously announced agreement in principle with the United Steelworkers of America (USWA), and the recently concluded agreements in principle with the 1114 Committee, which represents salaried retirees, and the International Association of Machinists (IAM), which represents hourly employees at two Kaiser locations, regarding certain pension and post-retirement benefits. 20 and provided guidance on cumulative-effect-type changes in principle in interim periods. |
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in principle