Nonbillable Time - time that is accounted for even when it is not directly billable., Petty cash fund - used to pay small amounts for which a firm check is not appropriate. , pro bono - a lawyer does community service without being compensated. , qualified - endorsement that indicates that the endorser isn’t responsible in the event that an institution such as a bank refuses to make payment on the instrument. , reconcile - to bring a bank statement and check register into agreement., restrictive - an endorsement that limits further purpose/use of check , retainer - an advance payment that covers some of the expected costs of a legal action. , special endorsement - this states to whom a check is to be paid, time entries - time report, trust account - the lawyer must have a separate account in which to deposit and maintain client funds that have been entrusted to him/her.,

Chapter 5 Accounting Vocabulary

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