LICENSE Definition

LICENSE is a legal document giving official permission to do something.

Learn new Accounting Terms

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

UNDERABSORBED BURDEN is where total employee costs, other than salaries, have not been fully allocated to products sold or services offered.

Enter Search Term

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