QUOTE Definition

Bookmark and Share

QUOTE is to name the price of an asset or service, e.g. stock price or investment.

Learn new Accounting Terms

FACTORING is the practice of buying debt at a discount, e.g., if somebody owes you $10,000 payable within a year, a factoring lender may pay you $9,000 for the debt. You receive $9,000 cash quickly, but at the cost of the $1,000 discount.

THEORETICAL USAGE, in a manufacturing environment, is the projected or budgeted usage of parts, materials or supplies as opposed to the actual usage that may occur.

Suggest a Term

Enter Search Term

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