Provision normally included in loan documents, mortgage agreements, and other debt instruments (such as bonds and notes). It gives the lender the right to demand the entire loan amount (principal plus interest) to be paid at once, in case the borrower fails to make payments (defaults) or gets into ...
An offer for a company to purchase stocks or bonds for a short-term investment. This happens when a company cannot obtain funds for investments because of higher debt obligations.
Provision in a loan or mortgage agreement that allows a borrower to increase the monthly installment amount to pay off the obligation before its specified settlement date.
In absorption costing, the rate determined in advance for all cost centers for allocating fixed costs and variable costs (together or separately) to the output, in an accounting period. Also called recovery rate.
Method of pricing in which all costs are recovered. The price of the product includes the variable cost of each item plus a proportionate amount of the fixed costs.
A method of costing a product in which all fixed and variable costs are apportioned to cost centers where they are accounted for using absorption rates. This method ensures that all incurred costs are recovered from the selling price of a good or service. Also called full absorption costing. See ...
Account that shows the amount of overhead borne by (charged against) the volume of production.
Accounts that cover a full accounting period but omit detailed financial information. Abridged accounts are used, for example, to support an initial proposal or to present summary data. See also abbreviated accounts.
