OUTSOURCE Definition

Bookmark and Share

OUTSOURCE is to obtain goods or services from an outside supplier; i.e., to contract work outside of your budget and control. (An example would be companies outsourcing a percentage of their direct labor in order to maintain a flexible workforce.).

Learn new Accounting Terms

NEGATIVE WORKING CAPITAL is when current liabilities exceed current assets.

ULLAGE is the empty space present when a shipping container is not full.

Suggest a Term

Enter Search Term

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