LONG-LIVED ASSETS Definition

Bookmark and Share

LONG-LIVED ASSETS are usually those assets that are not consumed during the normal course of business, e.g. land, buildings and equipment, etc.

Learn new Accounting Terms

OVERSOLD is the state of the market when much more selling occurs than is warranted by market conditions. If investors and speculators sell large amounts of securi­ties, including short sales, over a period of time, at some point the market will become oversold and buying is likely to increase. Depending upon the degree of buying, prices will either stop falling or will rise. A rise in prices under these conditions is known as a technical rally.

COMPLIANCE is following applicable internal control procedures, rules, or laws.

Suggest a Term

Enter Search Term

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