ACCRUED EXPENSES Definition

Bookmark and Share

ACCRUED EXPENSES are expenses incurred during an accounting period for which payment is postponed.

Learn new Accounting Terms

CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.

EXPORT BROKER is an entity that brings together foreign buyers with domestic manufacturers for a fee, generally providing little other services. An EMC, who is also a middleman, often provides extensive services to complete the transaction as well.

Suggest a Term

Enter Search Term

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