DISPATCH Definition

Bookmark and Share

DISPATCH, in shipping, is the amount paid by a vessels operator to a charterer if loading or unloading is completed in less time than stipulated in the charter party.

Learn new Accounting Terms


EXTENSION is a. In options, the expiration date. Occasionally the parties to an option contract will agree to extend the expiration to a certain date in the future; b. In taxes, the day that one must file one's return if one asked the tax agency for more time to do it. For example, in the United States the deadline to file tax returns is 15 April. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until 15 October. In this case, 15 October is the extension date; or, c. In an offer for bids on a contract, the date to which a deadline is lengthened. If there is either a lack of interest or no good bids on a contract, the company or government offering it may extend the deadline to allow other companies to decide whether to make a bid. This second deadline is the extension date.

DIT is Depreciation, Interest and Taxes.

Suggest a Term

Enter Search Term

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