PRE-OPERATING COSTS Definition

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PRE-OPERATING COSTS are costs that are deferred until the related assets are ready for revenue service at which time the costs are charged to operations.

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BACKORDER is a customer order or contractual line item, current or past due, that cannot be shipped due to lack of inventory; dependent upon availability it will be shipped at some future date.

BANK BASE RATE is the annual interest rate on which British banks calculate lending charges (minimum lending rate).

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