ORIGINAL EQUIPMENT MANUFACTURER Definition

Bookmark and Share

ORIGINAL EQUIPMENT MANUFACTURER (OEM) is a company that builds components or systems that are used in systems or products sold by another company using the purchasing companys brand. Sometimes referred to as "private label."

Learn new Accounting Terms

COVENANT is a clause in a contract that requires one party to do, or refrain from doing, certain things. It is usually a restriction on a borrower imposed by a lender.

SPOILAGE is materials wasted or spoiled in the production process. See also ABNORMAL SPOILAGE and NORMAL SPOILAGE.

Suggest a Term

Enter Search Term

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