SOX Definition

Bookmark and Share

SOX see SARBANES-OXLEY ACT.

Learn new Accounting Terms

MARKET VALUE, in general, is the price at which buyers and sellers trade similar items in an open marketplace. In the absence of a market price, it is the estimated highest price a buyer would be warranted in paying and a seller justified in accepting, provided both parties were fully informed and acted intelligently and voluntarily. See also OPEN MARKET VALUE (OMV).

FIXED FEE is a set price for the completion of a project. It is easier for the customer to budget, but provides higher risk for the contractor due to cost overruns.

Suggest a Term

Enter Search Term

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