Laws, courts and authorities
HGB
Abbreviation for Handelsgesetzbuch
In short and in plain language
The HGB is the German Commercial Code.
It is the law for merchants and trading firms.
Among other things, it covers bookkeeping and the accounts at the end of the year.
It also has special rules for deals between firms. One example is checking goods that have been delivered.
Definition
The HGB is the German Commercial Code for merchants and commercial companies. Among other things, it governs bookkeeping, annual financial statements and special rules for transactions between businesses, such as inspecting delivered goods.