ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COST AVOIDANCE Definition
COST AVOIDANCE is an action taken in the present designed to decrease costs in the future.
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CURRENT LIABILITIES are liabilities to be paid within one year of the balance sheet date.
FREE TRADE ZONE (FTZ) is an area, usually a port of entry, designated by the country for duty-free entry of goods. As long as the goods do not go into the country from the FTZ, no duty is assessed. While in the FTZ, goods may be processed, packaged, serviced or displayed.
