LITAS (LITAI, LITU) Definition

Bookmark and Share

LITAS (LITAI, LITU) is a currency of Lithuania.

Learn new Accounting Terms

INVESTMENT CENTER is the responsibility center within an organization that has control over revenue, cost, and investment funds. It is a profit center whose performance is evaluated on the basis of the return earned on invested capital, e.g. corporate headquarters or a division of a large decentralized organization.

LOAN is an agreement under which an owner of assets (the lender) allows another entity (the borrower) to use the assets for a specified time period. In return, the borrower agrees to pay the lender a payment (interest) and return the assets (cash) at the end of the agreed upon time period.

Suggest a Term

Enter Search Term

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