Bookmark and Share

ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

Learn new Accounting Terms

CHATTEL MORTGAGE CONTRACT is a credit contract used for the purchase of equipment where the purchaser receives title of the equipment upon delivery but the creditor holds a mortgage claim against it.

EX-FACTORY is where a sellers responsibility ends when the buyer at point of origin, i.e., factory, accepts merchandise. This can also be written as Ex-Warehouse, Ex-works, etc.

Suggest a Term

Enter Search Term

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