Bookmark and Share

NEGATIVE CONTRIBUTOR is any item, activity, or cost that offsets attainment of positive results, e.g., a rise in unemployment and its effect upon the economy.

Learn new Accounting Terms

ECONOMIC EVENT is the transfer of control of an economic resource from one party to another party.

OPERATION AGREEMENT, within an LLC, is similar to the constitution of a corporation. It is drafted primarily because an LLC only has a basic Articles of Organization that is very general in nature. An Operation Agreement has much more specificity as to the formation and operation of the LLC organization.

Suggest a Term

Enter Search Term

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