Accounting procedure. Posting cash discounts on purchases against a journal entry’s full invoice amount. Recording the discount can treat it as non-revenue if deducted from the original debited amount or as revenue

Monthly rent including an estimated utility cost. Basic charge to occupy a premise . This is the monthly amount paid by the renting party to the owner (or another third party).

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use to base

Un-adjusted, total sales invoice value. Un-adjusted means prior to deducting discounts or returns, or miscellaneous adjustments.

The term for gross income in the securities industry. The difference of investor’s purchase cost and issuer’s sale . Underwriter’s fee, issue manager’s fee, and security selling firm discount are all items

1. Another name for long ton (2240 pounds). 2. Another name for register ton (100 cubic feet or 2.832 cubic meters).

Another name for gross registered tonnage (Refer to tonnage).

Adding deductions to a net amount owned by a receiver. This could include taxes.

1. In Air transport, this the total weigh of aircraft, fuel, crew, passengers, and cargo, everything flying. 2. In Rail and road transport, this is the total weight vehicle, goods, and fuel,

The total amount promised by the deceased to a beneficiary. Since a gift tax can reduces the promised value, there is a practice of adding an amount back into the deflated value

Where a ground wire is connected to earth as the neutral service wire as a part in an electrical service panel.

Airplane insurance covering its body on the ground. ‘Not in flight’ or ‘not in motion’ are the dangers listed .’ A taxiing airplane is also covered by ‘Not in flight’ coverage.

Beginning period with lowest expense and highest gain of a new venture or investment opportunity.

Type of lease that is long-term, typically 99 years. It involves land with standing buildings or for developing land. the owner of the land gets the property as-is at the end of

Entity providing accommodations, sight seeing, or local transportation to incoming passengers. Known also as purveyor.

Leased land payment to the owner. Allows the lessor to improve the land. However, the property returns to the owner as-s at the end of the lease.

Basic agreed-to constraints and allowances in a negotiation or competition. Governs the process, conduct, and scope leading to procedures and limits.

Making a path for electricity from equipment, chassis, or frame to either Earth or a metal structure in the event of a circuit short.

Building or complex with low height and sprawling.