WHOLESALE Definition

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WHOLESALE is the selling of goods to retail merchants; usually in large quantities for resale to consumers.

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UNCOLLECTIBLE ACCOUNT EXPENSE, also known as a bad-debt expense, is that expense incurred in the unsuccessful attempt to realize payment of a Account Receivable. Uncollectible account expenses must be incurred in the time period in which the related sales are made, e.g. an AR that originates from a credit sale in January and is determined to be uncollectible in June represents an expense in January.

VOLUME is the amount of trading activity, expressed in shares or dollars, experienced by a single security or the entire market within a specified period.

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