BACKORDER Definition

BACKORDER is a customer order or contractual line item, current or past due, that cannot be shipped due to lack of inventory; dependent upon availability it will be shipped at some future date.

Learn new Accounting Terms

COMPOUND INTEREST PRINCIPLE is where the interest is computed on principal plus interest earned in previous periods.

OR is Operations Research.

Suggest a Term

Enter Search Term

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

Purchase and download Glossary
Only $9.95