ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LIMITING FACTOR Definition
LIMITING FACTOR is a factor or condition that, either temporarily or permanently, impedes goal accomplishment.
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NOT-FOR-PROFIT ORGANIZATION see NONPROFIT ORGANIZATION.
GENERAL AVERAGE is the provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.