E.C. Definition

Bookmark and Share

E.C. (EUROPEAN COMMUNITY or EUROPEAN COMMON MARKET) is a trading block of countries in Europe that have agreed on common regulations on cross-border trade.

Learn new Accounting Terms

REVALUATION, in general, is the reconsideration of the value or worth of a property. In currency, it is the increase in the exchange rate of a currency as a result of official action.

CLOSING DATE is the date the purchase of the asset becomes final and you, the new owner, obtain title.

Suggest a Term

Enter Search Term

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