WORK YEAR
Hours worked by a full time person each year and commonly 52 weeks at 40 hours each week.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Hours worked by a full time person each year and commonly 52 weeks at 40 hours each week.
Part of inventory available for normal demand in a given period.
Judgment of a customer on satisfaction derived by purchasing an item.
Account used by a company handling very large endorsements.
The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.
Rules established by NASD for handling over the counter, OTC, transactions.
Backup supply of power that lasts long enough to shut down the system or to allow another generator to take over.
Accounting. All financial data should be recorded in one currency unit only. See accounting concepts.
Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.
1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.
Revenue occurring in one period of accounting but recorded in another.
Liability or asset that has to be on financial statements but doesn’t meet any requirements of reporting.
Promise of repayment of debt to a subsidiary by the parent company.
Alternate term for deferred payment L/C.
Committee monitoring Medicare.
Network that has had value added in client/server co putting based on protocols of internet use.
Value or credit is given to bank to bank funds transfers.
Commercial form for businesses that have differing amounts of inventory or value during the year. Insurance is adjusted accordingly.
Process of cleaning metal using condensing solvent vapors.
Economic strength measurement estimating the times a single dollar will change hands over a period of time.