ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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GROSS MARGIN Definition
GROSS MARGIN is the ratio of gross profit to sales revenue. (sometimes used as a synonym for gross profit). For a manufacturer, gross margin is a measure of a companys efficiency in turning raw materials into income; for a retailer it measures their markup over wholesale. GROSS MARGIN is gross income divided by net sales, expressed as a percentage.
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GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.
HEALTHY, from a corporate perspective, usually means that the subject entity is financially secure, positioned well within the market and functioning well.
