ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
COST-OF-LIVING LEASE Definition
COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.
Learn new Accounting Terms
PRACTICAL CAPACITY is where the cost of production is based on the practical capacity of production facilities. Therefore, the proportion of overheads allocated to a unit of production is not to be increased as consequence of idle capacity of the plant.
QUALITY is a degree or grade of excellence or worth; can be highly subjective.