MOU Definition

Bookmark and Share

MOU is Memorandum of Understanding.

Learn new Accounting Terms

RECURRING ENTRY is a scheduled accounting entry that occurs consistently as to date and amount, e.g. a monthly lease payment.

CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.

Suggest a Term

Enter Search Term

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