At the time a payment is made that represents a prepayment of an expense, a prepaid account such as Prepaid Insurance is debited and the Cash account is credited. This records the prepayment as an asset on the companyâs balance sheet.
English and American cases dealing with the insurance meaning of war have defined it in accordance with the ancient international law definition: war refers to and includes only hostilities carried on by entities that constitute governments at least de facto in character..
An Act concerning Aliens, or Alien Friends Act, authorized the president to deport foreigners deemed dangerous to the peace and safety of the United States during peacetime. A companion law, An Act respecting Alien enemies or Alien Enemies Act, allowed the president to arrest, imprison, and deport any foreigner subject to an enemy nation. While it could be (and has been) argued that there might be some national security interest in the Alien Acts, the Naturalization Act and the Sedition Act were clearly political.