LEMON Definition

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LEMON is a. an investment with a poor or negative rate of return or a purchase made where the product has continuing problems, e.g. a lemon of an automobile; or, b. an asset that is in continual need of repair, e.g. an automobile can be referred to as a lemon.

Learn new Accounting Terms

FIDDLY is requiring close attention to detail, i.e. to be fussy (primarily used in Great Britain).

APPRAISAL is a report made by a qualified person setting forth an opinion or estimate of value.

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