OFFSET ACCOUNT Definition

Bookmark and Share

OFFSET ACCOUNT is an account that is setup for elimination of a long or short position by making an opposite transaction.

Learn new Accounting Terms

INVOICE is a detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill.

LEASE RATE FACTOR is the periodic lease or rental payment expressed as a percentage (or decimal equivalent) of equipment cost. Used to calculate payments given the cost of equipment (e.g. A lease rate factor of 0360 on an equipment cost of $5,000.00 requires a monthly payment of $180.00 (0360x$5,000.00=$180.00).

Suggest a Term

Enter Search Term

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