BURDEN RATE Definition

Bookmark and Share

BURDEN RATE, when referring to personnel burden, is the sum of employer costs over and above salaries (including employer taxes, benefits, etc.). When referring to factory or manufacturing see OVERHEAD.

Learn new Accounting Terms

REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

COMMODITY is an article of commerce or product that can be used for commerce. In a narrower sense, commodity is product traded on an authorized commodity exchange. Some types of commodities: agricultural products, metals, petroleum, foreign currencies, financial instruments and indices, etc.

Suggest a Term

Enter Search Term

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