What is PREPAID EXPENSES?

Recurring costs incurred by a firm that are settled before the actual incurrment of costs. They are the opposite of deferred charges and include costs such as rent, premiums, interests, etc

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Related Legal Terms
PREPAID INSURANCE, PREPAID ASSET, PREPAID FREIGHT, ELIGIBLE EXPENSES, PRE-OPENING EXPENSES, OTHER REVENUES AND EXPENSES, PERIODIC EXPENSES, PREPAID TUITION PROGRAM, FIXED EXPENSES, REPAIRS AND MAINTENANCE EXPENSES


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