ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COLLECTIBLE Definition
COLLECTIBLE is an amount subject to or requiring payment especially as specified, e.g. a collectible bill.
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GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. See also GROSS REVENUE.
CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.
