OVERHEAD ABSORPTION Definition

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OVERHEAD ABSORPTION is the term used for describing the transfer of value from a fixed asset such as a building or machine to the final product. In this way the indirect costs of the entity can be assigned to the products or services supplied.

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TAKEOVER refers to one company (the acquirer) purchasing another (the target). Such events resemble mergers, but without the formation of a new company.

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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