BILLINGS Definition

Bookmark and Share

BILLINGS, generally, is the request for payment of a debt. In accounting, it is sales for which invoicing has been issued.

Learn new Accounting Terms

OTCBB is an electronic quotation medium for unlisted, over-the-counter securities. The OTC Bulletin Board allows Market Makers to display firm prices for domestic securities, foreign securities, and ADRs that can be updated on a real-time basis. The service also permits the display of non-firm prices for DPPs, unpriced indications of interest, and telephone numbers for participating Market Makers.

THREE PERCENT (3%) RULE is a rule used in vesting pension plan benefits. The participants accrued benefit must be at least equal to 3% of the participants normal projected retirement benefit for each year of participation, with a maximum of 100% after 33 1/3 years of participation.

Suggest a Term

Enter Search Term

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