DISCOUNTING Definition

Bookmark and Share

DISCOUNTING is the selling of accounts receivable, usually at less than full value, to a financial entity.

Learn new Accounting Terms

RECOURSE, in finance, is the right to demand payment from the maker or endorser of a negotiable instrument (as a check). See RECOURSE NOTE.

INTERPERIOD TAX ALLOCATION is the process of apportioning income taxes among accounting periods.

Suggest a Term

Enter Search Term

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