Category: P

Accumulative sum of spending (cost) on a fixed asset over the span of its lifetime, including expenditure over the repair, maintenance, and caretaking of the fixed asset.

This ensures the correct transactions have been recorded according to directions given by the company into the journals or ledgers belonging to the company.

These are the set of accounts that shows the actual position of the company in relation to finances, assets, reserves and other items. It is not the budget account but an account

This is made when more than one policy covers one incident that requires payment of medical bills. These adjustments are made to a medical bill that is covered by more than one

This is the quantity of a natural resource such as coal, oil and gas that is able to be extracted from the wells and mines that are currently operating with the same

The science of sampling opinions that are held are by the general population. We call them opinion polls and they are everywhere you look when an election is iminent. It is from

The number of shares that are for sale to the public when a company enters the stock market. These shares do not include the number of shares that are held by the

This is a surety bond that is overseen by a principal. The company putting up the surety bond guarantees that this person will carry out their job by properly managing all of

The availabilty of an invention for use by the public. An application for a patent can be done unless the invention has been in use for more than a year. If it

A sum of money that is put into the economy, usually by the government to give a boost to a slow economy. The amount is usually relatively small and goes into public

Income that is received from the use of a resource. During this use, this product is not destroyed by consumers. The income bears no relation or response to the price of the

Same as a Ponzi scheme. One person recruits a person to a retail scheme then that person recruits people and son on and son until the first person has an increasing number

In anticipation of a future event, preparation helps to make something ready to be utilized.

The risk associated with the failure of the couterparty to settle the required amount.

Under this agreement, the price that the buyer pays is the one prevalent at the time of shipping and not the price at the time of ordering.

The greater the level of activities that are undertaken in a specific period, the lower the yielded benefit, assuming that other factors are constant.

Costs and revenues that were documented in the firm’s financial statements from the previous year.

An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related activities are

The rate for a time period that is shorter than the contract period.

For the purpose of inheritance taxes, the price of the shares are determined. It is computed by first taking the difference of the offered and bid prices, dividing it by four and