INVENTORY LOAN Definition

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INVENTORY LOAN is a loan that is extended based upon the, usually, discounted / factored value of a business inventory.

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AVOIDABLE COST is the amount of expense that would not occur if a particular decision were to be implemented (e.g., if an employee is laid off at a company that is self-insured for unemployment compensation, the avoidable cost is total direct salary less payments for unemployment benefits plus savings in employee benefits).

BROWN BOOK is industry slang for Development of the Oil and Gas Resources of the United Kingdom; an annual report.

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