ARP Definition

Bookmark and Share

ARP see ADJUSTABLE RATE PREFERRED.

Learn new Accounting Terms

PERIOD COST is an expense that is not inventoriable; it is charged against sales revenues in the period in which the revenue is earned (e.g., SG&A is a period cost). Also called period expense.

EXTINGUISHMENT OF DEBT is the debtors satisfaction of the obligation to a creditor, either legally or in-substance. A debt shall be accounted for as having been extinguished in a number of circumstances, including when it has been settled through repayment or replacement by another liability.

Suggest a Term

Enter Search Term

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