M-q (=M-x fill-paragraph) on column 78

1 files changed, 114 insertions, 117 deletions

diff --git a/doc/GLOSSARY.md b/doc/GLOSSARY.md
index 3399f56f..507958c1 100644
--- a/doc/GLOSSARY.md
+++ b/doc/GLOSSARY.md
@@ -1,65 +1,63 @@
 ACCOUNTING GLOSSARY
 ---
 
-   Accounting and bookkeeping represent an entire field of human effort and
-   has evolved its own specialized vocabulary.  Accounting hopes to
-   summarize and add understanding to where the money is going.
+  Accounting and bookkeeping represent an entire field of human effort and has
+  evolved its own specialized vocabulary.  Accounting hopes to summarize and
+  add understanding to where the money is going.
 
 **Account**: A category for grouping together amounts from similar
-  transactions.  Each account has a name, which is usually capitalized, and
-  an account type.  Accounts are often organized into a hierarchy when it
-  helps understanding.  For example, a coffee shop might have Coffee,
-  Merchandise, and Equipment as accounts but arranged under an Inventory
-  account because different decisions are made on the total inventory
-  rather than just coffee.  A hierarchy can be part of the account name in
-  Ledger, e.g., "Assets:Inventory:Coffee".  Note that the Ledger software
-  usually creates the list of accounts on the fly: accounts are created
-  when transactions use them.
-
-**Account Type**: Each account has a type of Asset, Liability, Equity,
-  Income, or Expense.  Assets represent something owned, e.g., Cash or
-  Inventory.  Liabilities represent sometime owed, e.g., a Loan or
-  Mortgage.  Equity, also called capital, is everything owned minus
-  everything owed (Assets - Liabilities).  It is the financial measure of
-  how much you are ahead.  Income is money earned somewhere, which puts you
-  more ahead.  Expenses is money spent somewhere, which puts you less
-  ahead.  The type of account determines if a debit represents an increase
-  or decrease in an account.  For example, Inventory is an asset so a
-  transaction debiting Inventory would increase its value.  Assets and
-  Expenses increase with debits and decrease with credits; Liabilities,
-  Equity, and Expenses increase with credits and decrease with debits.
-
-**Journal**: A record of all the financial transactions of a person or
-  firm.  This data of where money goes can be collated into reports.  This
-  used to be done with a physical book, called a ledger, where each account
-  was on one page.  Each debit or credit in the journal was transferred to
-  the appropriate account page and the pages were totalled to produce
-  reports.  This process is now done with the Ledger software which creates
-  reports from the journal.  A journal is sometimes called a register.
+  transactions.  Each account has a name, which is usually capitalized, and an
+  account type.  Accounts are often organized into a hierarchy when it helps
+  understanding.  For example, a coffee shop might have Coffee, Merchandise,
+  and Equipment as accounts but arranged under an Inventory account because
+  different decisions are made on the total inventory rather than just coffee.
+  A hierarchy can be part of the account name in Ledger, e.g.,
+  "Assets:Inventory:Coffee".  Note that the Ledger software usually creates
+  the list of accounts on the fly: accounts are created when transactions use
+  them.
+
+**Account Type**: Each account has a type of Asset, Liability, Equity, Income,
+  or Expense.  Assets represent something owned, e.g., Cash or Inventory.
+  Liabilities represent sometime owed, e.g., a Loan or Mortgage.  Equity, also
+  called capital, is everything owned minus everything owed (Assets -
+  Liabilities).  It is the financial measure of how much you are ahead.
+  Income is money earned somewhere, which puts you more ahead.  Expenses is
+  money spent somewhere, which puts you less ahead.  The type of account
+  determines if a debit represents an increase or decrease in an account.  For
+  example, Inventory is an asset so a transaction debiting Inventory would
+  increase its value.  Assets and Expenses increase with debits and decrease
+  with credits; Liabilities, Equity, and Expenses increase with credits and
+  decrease with debits.
+
+**Journal**: A record of all the financial transactions of a person or firm.
+  This data of where money goes can be collated into reports.  This used to be
+  done with a physical book, called a ledger, where each account was on one
+  page.  Each debit or credit in the journal was transferred to the
+  appropriate account page and the pages were totalled to produce reports.
+  This process is now done with the Ledger software which creates reports from
+  the journal.  A journal is sometimes called a register.
 
 **Posting**: A single debit or credit line of a transaction.  A posting
-comprises an account and the debit or credit amount.  It also inherits the
-shared description and date from the transaction.  In the Ledger software,
-a posting may also have metadata and an account state.
-
-
-**Report**: A summary made from a journal of transactions.  Each
-  transaction affects accounts and those effects are collated and totaled.
-  The two most common reports are the balance sheet, which shows what is
-  owned and owed on a specific date, and the cash flow statement, which
-  shows how money was earned and spent over a period.  The cash flow
-  statement is also called a profit and loss statement or an income
-  statement.
-
-**Transaction**: Our financial lives are recorded as a series of
-  transactions.  Each transaction has a specific date, an equal total of
-  debits and credits affecting accounts, and some sort of description.  For
-  example, "On January 1, pay $100 with check #243 from Checking to
-  Utilities for my Verizon phone bill" is a transaction.  A credit of $100
-  decreases my Checking asset, while a balancing debit of $100 increases my
-  Utility expense.  A transaction needs at least two *postings*, meaning
-  account debits or credits, but can be as complicated as humans can make
-  finances.
+  comprises an account and the debit or credit amount.  It also inherits the
+  shared description and date from the transaction.  In the Ledger software,
+  a posting may also have metadata and an account state.
+
+
+**Report**: A summary made from a journal of transactions.  Each transaction
+  affects accounts and those effects are collated and totaled.  The two most
+  common reports are the balance sheet, which shows what is owned and owed on
+  a specific date, and the cash flow statement, which shows how money was
+  earned and spent over a period.  The cash flow statement is also called
+  a profit and loss statement or an income statement.
+
+**Transaction**: Our financial lives are recorded as a series of transactions.
+  Each transaction has a specific date, an equal total of debits and credits
+  affecting accounts, and some sort of description.  For example, "On January
+  1, pay $100 with check #243 from Checking to Utilities for my Verizon phone
+  bill" is a transaction.  A credit of $100 decreases my Checking asset, while
+  a balancing debit of $100 increases my Utility expense.  A transaction needs
+  at least two *postings*, meaning account debits or credits, but can be as
+  complicated as humans can make finances.
 
 LEDGER GLOSSARY
 ---
@@ -69,29 +67,29 @@ The Ledger software also has its own terms.
 **Automated Transaction**: a command directive that modifies subsequent
   transactions that match an expression.  An automated transaction can add
   additional postings to a transaction, add metadata, or change transaction
-  amounts.  Reports can be filter postings modified or generated by an automated
-  transaction.
+  amounts.  Reports can be filter postings modified or generated by an
+  automated transaction.
   [§ Automated Transactions](http://www.ledger-cli.org/3.0/doc/ledger3.html#Automated-Transactions);
   [§ Concrete Example of Automated Transactions](http://www.ledger-cli.org/3.0/doc/ledger3.html#Concrete-Example-of-Automated-Transactions)
 
 **Command Directive**: a command in a journal file to change how subsequent
-lines and transactions in a journal file are processed.  Command directives
-control processing, set default values for subsequent accounts and
-transactions, or override parts of subsequent transactions.  A directive
-line begins with name of the directive and may have additional arguments
-or additional indented lines.  The single letters *AbCDhIiNOoY* are aliased
-to other command directives, providing compatibility with the ancient past.
-The characters **'='** and **'-'** are command directives for a automatic
-transactions and periodic transactions, respectively.
-[§ Command Directives](http://www.ledger-cli.org/3.0/doc/ledger3.html#Command-Directives)
+  lines and transactions in a journal file are processed.  Command directives
+  control processing, set default values for subsequent accounts and
+  transactions, or override parts of subsequent transactions.  A directive
+  line begins with name of the directive and may have additional arguments or
+  additional indented lines.  The single letters *AbCDhIiNOoY* are aliased to
+  other command directives, providing compatibility with the ancient past.
+  The characters **'='** and **'-'** are command directives for a automatic
+  transactions and periodic transactions, respectively.
+  [§ Command Directives](http://www.ledger-cli.org/3.0/doc/ledger3.html#Command-Directives)
 
 **Commodity**: any currency, stock, time or resource to be tracked
-  numerically.  While many people only track money in Ledger, Ledger can
-  track different resources and manage rules to convert between them.  The
-  system is flexible enough for the needs of very different users.  Some
-  track billable time, converting minutes and hours into dollars.  Others
-  track multiple currencies.  Still others track the purchase and sale of
-  stocks.  Each commodity is separate unless a conversion rule is given.
+  numerically.  While many people only track money in Ledger, Ledger can track
+  different resources and manage rules to convert between them.  The system is
+  flexible enough for the needs of very different users.  Some track billable
+  time, converting minutes and hours into dollars.  Others track multiple
+  currencies.  Still others track the purchase and sale of stocks.  Each
+  commodity is separate unless a conversion rule is given.
   [§ Commodities and Currencies](http://www.ledger-cli.org/3.0/doc/ledger3.html#Commodities-and-Currencies);
   [§ Currencies and Commodities](http://www.ledger-cli.org/3.0/doc/ledger3.html#Currency-and-Commodities);
   [§ Accounts and Inventories](http://www.ledger-cli.org/3.0/doc/ledger3.html#Accounts-and-Inventories);
@@ -99,56 +97,55 @@ transactions and periodic transactions, respectively.
   *(and next ten sections)*;
   [§ Commodity Reporting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Commodity-Reporting)
 
-**Effective Date**: an optional, second date information item in for a
-posting or transaction.  Some use the effective date for when work is
-billed or when a check has cleared.  The `--effective-date` option causes
-the effective date to override the transaction's initial date for that
-report.
-[§ Effective Dates](http://www.ledger-cli.org/3.0/doc/ledger3.html#Effective-Dates);
-
-**Journal File**: the text input file for ledger, sometimes called a
-register file.  A journal file is a series of transactions, command
-directives, and comments.  Command directives start with the single word
-name of the directive at the beginning of the line and include any
-following indented lines.  Transactions start with a date a the beginning
-of the line and include any indented lines following.  The journal file is
-expected to be encoded as ASCII or UTF-8 text.
+**Effective Date**: an optional, second date information item in for a posting
+  or transaction.  Some use the effective date for when work is billed or when
+  a check has cleared.  The `--effective-date` option causes the effective
+  date to override the transaction's initial date for that report.
+  [§ Effective Dates](http://www.ledger-cli.org/3.0/doc/ledger3.html#Effective-Dates);
+
+**Journal File**: the text input file for ledger, sometimes called a register
+  file.  A journal file is a series of transactions, command directives, and
+  comments.  Command directives start with the single word name of the
+  directive at the beginning of the line and include any following indented
+  lines.  Transactions start with a date a the beginning of the line and
+  include any indented lines following.  The journal file is expected to be
+  encoded as ASCII or UTF-8 text.
 
 **Periodic Transaction**: the estimate of a transaction that would occur
   periodically, e.g., a monthly expense.  These estimates are only used in
-  budgeting and forecasting reports using the `--budget`,
-  `--forecast`, or `--unbudgeted` options.
+  budgeting and forecasting reports using the `--budget`, `--forecast`, or
+  `--unbudgeted` options.
   [§ Budgeting and Forecasting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Budgeting-and-Forecasting)
 
-**Transaction Code**: an optional item in a transaction or posting often
-  used to record a check number or bank code.  Certain custom reports can
-  report this code.
+**Transaction Code**: an optional item in a transaction or posting often used
+  to record a check number or bank code.  Certain custom reports can report
+  this code.
   [§ Codes](http://www.ledger-cli.org/3.0/doc/ledger3.html#Codes);
   [§ Format Expressions](http://www.ledger-cli.org/3.0/doc/ledger3.html#Format-Expressions)
 
-**Transaction Metadata**: a term for comments and tags annotating a
-transaction.  Comments indented with a transaction will be stored with each
-posting of a transaction.  Tags are words in comments followed by colons.
-Tags can be used as filters in reports and certain tags, "Payee" or
-"Value", may affect fields of the transaction.
-[§ Metadata](http://www.ledger-cli.org/3.0/doc/ledger3.html#Metadata),
-[§ Applying Metadata to every matched posting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Applying-metadata-to-every-matched-posting),
-[§ Applying Metadata to the generated posting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Applying-metadata-to-the-generated-posting)
-
-**Transaction State**: a state of *cleared*, *pending*, or *uncleared* on
-each posting.  The state is usually set for an entire transaction at once
-with a mark after the date.  The marks are ***** (cleared), **!**
-(pending), or no mark (uncleared).  The interpretation of this state is up
-to the user, but is typically used in bank reconciliations or
-differentiating time worked versus billed.  Ledger supports reports and
-filters based on state.
-[§ Transaction State](http://www.ledger-cli.org/3.0/doc/ledger3.html#Transaction-state);
-[§ Cleared Report](
-http://www.ledger-cli.org/3.0/doc/ledger3.html#Cleared-Report)
-
-**Virtual Posting**: an annotation posting in a transaction, similar in form as a regular posting but not required to balance debits and
-credits.   It is often used to support
-[Fund Accounting](http://en.wikipedia.org/wiki/Fund_accounting) and various reports will collate and summarize virtual postings.  Virtual postings should not be
-confused with virtual posting costs.
-[§ Virtual Postings](http://www.ledger-cli.org/3.0/doc/ledger3.html#Virtual-postings)
-[§ Working with Multiple Funds and Accounts](http://www.ledger-cli.org/3.0/doc/ledger3.html#Working-with-multiple-funds-and-accounts)
+**Transaction Metadata**: a term for comments and tags annotating
+  a transaction.  Comments indented with a transaction will be stored with
+  each posting of a transaction.  Tags are words in comments followed by
+  colons.  Tags can be used as filters in reports and certain tags, "Payee" or
+  "Value", may affect fields of the transaction.
+  [§ Metadata](http://www.ledger-cli.org/3.0/doc/ledger3.html#Metadata),
+  [§ Applying Metadata to every matched posting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Applying-metadata-to-every-matched-posting),
+  [§ Applying Metadata to the generated posting](http://www.ledger-cli.org/3.0/doc/ledger3.html#Applying-metadata-to-the-generated-posting)
+
+**Transaction State**: a state of *cleared*, *pending*, or *uncleared* on each
+  posting.  The state is usually set for an entire transaction at once with
+  a mark after the date.  The marks are ***** (cleared), **!** (pending),
+  or no mark (uncleared).  The interpretation of this state is up to the user,
+  but is typically used in bank reconciliations or differentiating time worked
+  versus billed.  Ledger supports reports and filters based on state.
+  [§ Transaction State](http://www.ledger-cli.org/3.0/doc/ledger3.html#Transaction-state);
+  [§ Cleared Report]( http://www.ledger-cli.org/3.0/doc/ledger3.html#Cleared-Report)
+
+**Virtual Posting**: an annotation posting in a transaction, similar in form
+  as a regular posting but not required to balance debits and credits.  It is
+  often used to support
+  [Fund Accounting](http://en.wikipedia.org/wiki/Fund_accounting) and various
+  reports will collate and summarize virtual postings.  Virtual postings
+  should not be confused with virtual posting costs.
+  [§ Virtual Postings](http://www.ledger-cli.org/3.0/doc/ledger3.html#Virtual-postings)
+  [§ Working with Multiple Funds and Accounts](http://www.ledger-cli.org/3.0/doc/ledger3.html#Working-with-multiple-funds-and-accounts)