CONSULTED Definition

Bookmark and Share

CONSULTED is sought advice or information.

Learn new Accounting Terms

INSTALLMENT SALE is selling property and receiving the sales price over a series of payments, instead of all at once at the close of the sale, is an installment sale. As the seller, unless you elect out, you will report the gain on that transaction as you receive it through the series of payments. As the buyer, you will usually pay interest on the unpaid balance.

POS is Point-Of-Sale.

Suggest a Term

Enter Search Term

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