ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MARGINAL PROFIT Definition
MARGINAL PROFIT is the change in the total profit that results from the sale of an additional unit.
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GAAP is Generally Accepted Accounting Principles or Generally Accepted Accounting Procedures (less common).
VESTED refers to having an absolute right or title, when previously the holder of the right or title only had an expectation. Example: after 20 years of employment Larry Loyals pension rights are now vested.