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Cracked.com is an American website that was based on Cracked magazine. It was founded in 2005 by Jack O'Brien. [1] [2] In 2007, Cracked had a couple of hundred thousand unique users per month and three or four million page views. In June 2011, it reached 27 million page views, according to comScore.
The term "owned" subsequently spread to gaming circles, where it was used to refer to defeat in a game. For example, if a player makes a particularly impressive kill shot or wins a match by an appreciable margin in a multiplayer video game, it is not uncommon for him or her to say owned to the loser(s), as a manifestation of victory, a taunt, or provocation.
The distribution of cracked copies is illegal in most countries. There have been lawsuits over cracking software. [13] It might be legal to use cracked software in certain circumstances. [14] Educational resources for reverse engineering and software cracking are, however, legal and available in the form of Crackme programs.
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
An IOU (abbreviated from the phrase "I owe you" [1] [2]) is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor.
A variety of checks against abuse are usually present to prevent embezzlement by accounts payable personnel. Separation of duties is a common control. In countries where cheques payment are common nearly all companies have a junior employee process and print a cheque and a senior employee review and sign the cheque.
The person who owes the bill or debt is the debtor. Debtors may fail to pay (default) for various reasons: because of a lack of financial planning or overcommitment on their part; due to an unforeseen eventuality such as the loss of a job or health problems; dispute or disagreement over the debt or what is being billed for; or dishonesty on the ...
In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, "balance" is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. [1] When total debits exceed the total credits, the account indicates a debit balance.