SAFETY STOCK Definition

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SAFETY STOCK (SS) or security stock ensures that the item is available up to the pre-defined required service level, even when the re-ordered material arrives later then expected, or the fluctuations in demand during the lead-time cause the demand to be larger then expected. See also STOCK RESERVE.

Learn new Accounting Terms

REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.

EFT see ELECTRONIC FUNDS TRANSFER.

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