9 to conceal in or about the hand, as in sleight-of-hand tricks. 10 to touch or soothe with the palm of the hand, (See also) â palm off. (C14 paume, via Old French from Latin palma; compare Old English folm palm of the hand, Greek palame). English Collins Dictionary-English Definition & Thesaurus &nbsp. See also:
owners' equity. The owners' interest in the assets of a business. Owners' equity includes the amount invested by the owners plus the profits (or minus the losses) in the enterprise. Owners' equity and liabilities are used to finance a firm's assets. Also called net assets, shareholders' equity, stockholders' equity.
Its simply the business âOwnershipâ accounts â in a corporation which is owned by Stockholders, the Equity accounts show Stock and Retained Earnings values of ownership, while in a sole proprietorship or partnership, the Equity accounts show the Share of Ownership, what has been contributed by the Owners, what has withdrawn by the owners, and what profit/loss has been distributed to the owners.