SCRAP Definition

Bookmark and Share

SCRAP is material that is discarded as worthless or sold to be reused as parts; junk; a small unusable amount of something that is left over after the rest has been used or consumed.

Learn new Accounting Terms

CONTRACT REVENUES are the revenues recognized under % of completion method.

BONA FIDE GUARANTY covers a specific element of a secured transaction, for example, the integrity of receivables or the accuracy of inventory count.

Suggest a Term

Enter Search Term

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