VAR Definition

Bookmark and Share

VAR is an acronym for Value-Added Reseller (usually of technology products) or, in finance, Value at Risk.

Learn new Accounting Terms

AUTHORIZATION SCHEDULE is the guideline under which the subject activity is controlled and authorized. For example, expenditure spending may be controlled by amounts and the managerial level required authorizing or approving a preset trigger amount. As the amount increases over certain preset levels, higher managerial authority is required for approval.

COST OVERRUN is the amount by which an entity exceeds or expects to exceed the estimated cost to completion of: a. a product; b. a process; or, c. the final limitations of costs stipulated in a contract.

Suggest a Term

Enter Search Term

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