REVENUE CONTRACT Definition

Bookmark and Share

REVENUE CONTRACT is a binding agreement between a governmental body and another party that defines the terms under which revenue will be received. A contract can be distinguished from a customer purchase order by the fact that a contract will contain the signatures of both parties, while a purchase order will contain only the signature of the customer.

Learn new Accounting Terms

ARM see ADJUSTABLE RATE MORTGAGE.

FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.