COST AVOIDANCE Definition

Bookmark and Share

COST AVOIDANCE is an action taken in the present designed to decrease costs in the future.

Learn new Accounting Terms

FUTURES are contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.

WRITE-OFF is to decrease the value of an item, e.g., a tax write-off decreases tax liability, a vehicle involved in an accident can be declared a write-off if the cost to repair is in excess of the value of the vehicle.

Suggest a Term

Enter Search Term

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