UNBILLED REVENUE Definition

Bookmark and Share

UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

Learn new Accounting Terms

LEASE RATE FACTOR is the periodic lease or rental payment expressed as a percentage (or decimal equivalent) of equipment cost. Used to calculate payments given the cost of equipment (e.g. A lease rate factor of 0360 on an equipment cost of $5,000.00 requires a monthly payment of $180.00 (0360x$5,000.00=$180.00).

WINDFALL PROFIT/GAIN is profit that occurs suddenly as a result of an event not controlled by the company or person realizing the gain from the event. For example, a hurricane may bring extraordinary revenue to a roofing contractor as a result of the natural disaster.

Suggest a Term

Enter Search Term

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