ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
SECURED is an obligation backed by a pledge of collateral. Opposite of unsecured.
Learn new Accounting Terms
INVESTMENT CENTER is the responsibility center within an organization that has control over revenue, cost, and investment funds. It is a profit center whose performance is evaluated on the basis of the return earned on invested capital, e.g. corporate headquarters or a division of a large decentralized organization.
ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.