ORDER OF MAGNITUDE Definition

Bookmark and Share

ORDER OF MAGNITUDE is a number assigned to the ratio of two quantities; two quantities are of the same order of magnitude if one is less than 10 times as large as the other; the number of magnitudes that the quantities differ is specified to within a power of 10.

Learn new Accounting Terms

DEMAND NOTE is a note payable on demand from the person who is owed the money.

ENCUMBERED is when an asset is owned by one party subject to the legal claims of another party. One example is a homeowner that owns a home that is subject to (encumbered by) the claims of the mortgage holder.

Suggest a Term

Enter Search Term

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