CLASSIFICATION Definition

Bookmark and Share

CLASSIFICATION, generally, is the act of distributing things into classes or categories of the same type. In accounting, there are many ways to classify information, e.g. assets, liabilities or equity and the many subsets to those three classifications.

Learn new Accounting Terms

SIGNATURE LOAN is a loan secured by the borrower with nothing more than the signature of that borrower.

R as the fifth letter of a Nasdaq stock symbol indicates that the stock has rights.

Suggest a Term

Enter Search Term

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