DISCREPANCY Definition

Bookmark and Share

DISCREPANCY is a difference between conflicting facts or claims or opinions. In import / export, it is situations relating to official documents that are presented that do not conform to what is required within the Letter of Credit.

Learn new Accounting Terms

FISCAL is belonging to the public treasury; or, pertaining to public finance and financial transactions.

ABSORPTION PRICING is where all costs, both fixed and variable; plus a percentage mark-up for profit; are recovered in the price.

Suggest a Term

Enter Search Term

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