Tag: costs

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...

What is 'Above Ground Risk' Non-quantifiable risks that can adversely affect a project or investment. Above ground risk is generally used in...

What is an 'Absolute Priority' An absolute priority is a rule that stipulates the order of payment - creditors before shareholders -...

What is 'Abatement' Abatement is a reduction in the level of taxation faced by an individual or company. Examples of an abatement...

Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...

What is an absorbed cost and how does it impact a business's bottom line An absorbed cost is an overhead cost that has been fully...

What is the absorption rate The real estate absorption rate is the rate at which properties are sold in a specific market. It is calculated...

DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...