OPEN TO BUY Definition

Bookmark and Share

OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

Learn new Accounting Terms

SARBANES-OXLEY ACT (SOX) contains sweeping reforms for issuers of publicly traded securities, auditors, corporate board members, and lawyers. It adopts tough new provisions intended to deter and punish corporate and accounting fraud and corruption, threatening severe penalties for wrongdoers, and protecting the interests of workers and shareholders. The Sarbanes-Oxley Act of 2002, was signed into law by US President George W. Bush and became effective on July 30, 2002.

PERVASIVE is having the ability to permeate. An error is pervasive if it is material to more than one of the primary financial statements.

Suggest a Term

Enter Search Term

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