IDLE TIME Definition

Bookmark and Share

IDLE TIME is unproductive time caused by, e.g., machine breakdowns, shortages of material or inefficient scheduling. The cost of idle time is usually classified as an indirect rather than a direct cost.

Learn new Accounting Terms

INVESTEE is the legal entity into which an investor has made an equity investment.

DEMAND DRAFT, also known as sight draft, is a draft payable on demand from the date of issue, e.g. a payroll check.

Suggest a Term

Enter Search Term

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