EXTERNAL REVENUE Definition

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EXTERAL REVENUE, if governmental, is money collected by a government by imposing duties on imports and other international transactions.

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SYSTEMATIC RISK is the risk that is common to all risky securities and cannot be eliminated through diversification. When using the capital asset pricing model, systematic risk is measured by beta.

ELIMINATION is the the act of removing a mathematical quantity by combining equations. This is common practice in accounting when consolidating financial reports; one example would be inter-company transactions, currency translations, and account balances.

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