LOI Definition

Bookmark and Share

LOI see LETTER OF INTENT.

Learn new Accounting Terms

LCM RULE is an abbreviation for lower-of-cost-or-market rule. LCM requires that an asset be reported on the financial statements at the lower of purchase cost or market value.

INVENTORY TURNOVER is a ratio that shows how many times the inventory of a firm is sold and replaced over a specific period.

Suggest a Term

Enter Search Term

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