A Non-Disclousre Agreement (NDA) is an agreement between two
parties to keep certain information confidential. It
is normally used when parties need to share information but
want to ensure that it is restricted to certain individuals
they specify.
Non-Recurring expenses are expenses that occur as a one time
charge and is not expected to re-occur in the reporting
period. For example, the cost of cleaning up from a
natural disaster, the cost of repair a damaged vehicle from
an accident.
A pre-approved loan between a
financial institution and borrower that may be used
repeatedly up to a certain limit and can subsequently be
paid back prior to payments comign due. The pre-approved
amount will be set out in the agreement between the lender
and the borrower.
Open-end credits is also referred to as a "Line of Credit"
or "Revolving Line of Credit". Source: Investopia
These are expenses associated with administering a business
on a day to day basis. Operating costs include both fixed
costs and variable costs. Fixed costs, such as overhead,
remain the same regardless of the number of products
produced; variable costs, such as materials, can vary
according to how much product is produced. Source:
Investopia
Operating Income is the difference between operating
revenues and operating expenses. Operating Income is
also referred to as Earnings Before Income and Taxes (EBIT).
Outsourcing is the process of contracting out a business
process, chich an organization may have previously performed
internally or which the company deems necessary or
important, to an independent organization, where the process
is purchased as a service. Source:
Wikipedia
An accounting term that refers to
all ongoing business expenses not including or related to
direct labor, direct materials or third-party expenses that
are billed directly to customers. Overhead must be paid for
on an ongoing basis, regardless of whether a company is
doing a high or low volume of business. Source: Investopia
An accounting term that refers to
all ongoing business expenses not including or related to
direct labor, direct materials or third-party expenses that
are billed directly to customers. Overhead must be paid for
on an ongoing basis, regardless of whether a company is
doing a high or low volume of business. Source: Investopia