INVERSE Definition

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INVERSE is the opposite or reverse. An inverse relationship between two variables means that when one increases the other decreases.

Learn new Accounting Terms

OPERATING COST is the expense of maintaining property (e.g., paying property taxes and utilities and insurance) it does not include depreciation or the cost of financing or income taxes. Also known as OPERATING EXPENSE.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

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