FRANC Definition

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FRANC is a currency of: Algeria, Belgium, Benin, Burkina Faso, Burundi, Cameroon, Chad, Comoros, Congo, Djibouti, Equatorial African States, Equatorial Guinea, France, Gabon, Guadeloupe, Guinea, Katanga, Luxembourg, Madagascar, Mali, Martinique, Monaco, Morocco, Niger, Rwanda, Saar, Senegal, Switzerland, Tahiti, Togo, Tunisia, and West African States.

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EXPIRATION DATE is the date on which something; e.g. a security or bond offering, warranty or license; is no longer valid or in effect.

DIRECT LABOR UTILIZATION RATE is total payroll charged directly to job numbers in the period divided by the total payroll (direct and indirect) expended in the period. Since payroll is by far the single largest cost to operate a firm, generally speaking, the higher the direct labor rate, the more efficiently economically managed is the firm.

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