ALLOWANCE FOR SAMPLING RISK Definition

Bookmark and Share

ALLOWANCE FOR SAMPLING RISK is the difference between a sample estimate and the projected population characteristic at a specified sampling risk. This allowance
is also the difference between the expected error rate and the tolerable
deviation rate.

Learn new Accounting Terms

PACKING CREDIT is any loan or advance granted or any other credit provided by a bank to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment, on the basis of letter of credit opened in his favor or in favor of some other person, by an overseas buyer or a confirmed and irrevocable order for the export of goods from the producing country or any other evidence of an order for export from that country having been placed on the exporter or some other person, unless lodgment of export orders or letter of credit with the bank has been waived.

DOUBLE DIPPING is two incomes received from the same source (as by holding a government job and receiving a government pension.

Suggest a Term

Enter Search Term

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