WINDFALL PROFIT/GAIN Definition

Bookmark and Share

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.

Learn new Accounting Terms

PRICE is the property of having material worth. Price is usually indicated by the amount of money something would bring if or when sold.

TRADE ACCEPTANCE is a draft drawn by the seller of goods upon the buyer who agrees to pay usually by signing "accepted" on the draft along with the buyers signature.

Suggest a Term

Enter Search Term

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