DISCRETIONARY INCOME Definition

Bookmark and Share

DISCRETIONARY INCOME means the amount of a companys income available for spending after the essentials have been met. See DISPOSABLE INCOME.

Learn new Accounting Terms

NIFO is Next-In, First-Out.

COST OVERRUN is the amount by which an entity exceeds or expects to exceed the estimated cost to completion of: a. a product; b. a process; or, c. the final limitations of costs stipulated in a contract.

Suggest a Term

Enter Search Term

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