COMMITTED COSTS Definition

Bookmark and Share

COMMITTED COSTS are costs, usually fixed costs, which the management of an organization has a long-term responsibility to pay. Examples include rent on a long-term lease and depreciation on an asset with an extended life.

Learn new Accounting Terms

ZLOTY (ZLOTE, ZLOTYCH, ZLOTÓWKA) is a currency of Poland.

3% RULE see THREE PERCENT RULE.

Suggest a Term

Enter Search Term

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