OFFSOURCE Definition

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OFFSOURCE, slang, is to outsource to an offshore location to primarily save on the cost of labor. See OUTSOURCE.

Learn new Accounting Terms

ACCOUNTING INCOME is the income derived through historical accrual based accounting. Income = the change in net assets occurring during the period excluding transactions with owners; i.e. transaction based.

FLAT BOND is a bond in default that is quoted and traded without any consideration for accrued interest.

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