OVERHEAD RATE
Calculated by dividing overhead costs over a given period by production activity.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Calculated by dividing overhead costs over a given period by production activity.
This commission is paid to a primary agent for sales made by subagents in his or her territory. It may also refer to the amount owed to the owners of an acquired
A portfolio’s investments are overweight when the percentage amount invested in a particular market is greater than the market’s proportional share of total capitalization. Opposite of UNDERWEIGHT.
The gross income of the population within a country expressed in the national currency. It does not factor in the reduction in purchasing power due to inflation or outstanding debt
An individual who is given the role of a non executive director on the firm’s board of directors, in place of another person, investor or financial institution. It also refers to a
Disqualified assets such as furniture or fixtures, that cannot be listed on insurance statements due to a failure to meet state requirement
Non cash expenses such as depreciation where cash is not physically involved
Fringe benefits to the employee wherein he is not required to contribute and all related retirement plan costs are borne by the government and/or employer.
The non coverage of disability of the rider by income policies. However, it grants for the payment of medical costs that arise due to a less severe injury that does not results
A legal accounting practice that does not show an expense of cash on the income statement. For example, due to the depreciation costs involved with machinery, the prinicipal cost on a piece
A non-liability becomes a liability only when it becomes payable. For example, the contraction of a previously non-liable loan principle makes it a liability, but the loan interest is granted the status
A rented, borrowed or leased vehicle that is used primarily for business.
A retirement plan that does not meet the IRS requirement for tax treatments, and as such they do are not considered to be a qualified retirement plan.
A loan that is used to purchase nonresidential property such as an office building or a factory.
Elements such as body language and tone that communicate perceptual information in a social exchange.
The best possible buyor sell order for securities wherin the broker is not held liable due to a failure to obtain the best possible price. The order is used as a substitute
Accounting that conforms to the NFP cost accounting standards and is applicable to nonprofit institutions such as hospitals, schools and federal as well as nonfederal contractors.
The address of the cosignee who is to be notified of the shipment’s arrival.
The determination of the policy rate for the insured who falls below standards. A value of 100 is assigned to an insured who meets standards stated on the policy. Depending on impairments
a programming ideology that views programs as a combination of objects, which are capable of exchanging information between one another, and can be easily combined to form modules or blocks. An object