LESSOR Definition

Bookmark and Share

LESSOR is the party who conveys specified property to another for a period of time in return for the receipt of rent.

Learn new Accounting Terms

PAY CYCLE is a set of rules that defines the criteria by which scheduled payments are selected for payment creation, e.g., payroll may be on a weekly, bi-weekly, or monthly pay cycle.

ACID-TEST RATIO is an analysis method used to measure the liquidity of a business by dividing total liquid assets by current liabilities.

Suggest a Term

Enter Search Term

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