ONEROUS CONTRACT Definition

Bookmark and Share

ONEROUS CONTRACT is one in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits to be received under the contract.

Learn new Accounting Terms

PICKUP, in securities, is the higher yield obtained in a swap transac­tion-that is, the improved yield on the item being purchased relative to the selling yield on the security being liquidated.

RUPIE (RUPIEN) is a currency of German East Africa.

Suggest a Term

Enter Search Term

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