Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance Dictionary

ACCELERATED DEPRECIATION

Computing depreciation rates faster than the straight line option. The two methods are declining balance or taking the sum of the years digits as the depreciation rate. This results in a larger

ABC INVENTORY CLASSIFICATION

The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation, turnover, or value. Typically this is done on

ABROGATE

1. To nullify an contract by means of mutual agreement. 2. To officially abolish a law.

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