COST CENTER Definition

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COST CENTER is a non-revenue-producing element of an organization, where costs are separately figured and allocated, and for which someone has formal organizational responsibility.

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DUTY is a tax imposed by a customs authority on imported goods. Often used interchangeably with the term "tariff."

NET OPERATING INCOME (NOI) is income after deducting for operating expenses but before deducting for income taxes and interest.

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