Business Terminology

Ballpark
In slang terminology, 'ballpark' refers to a general range or an approximate range of results or estimates. For instance, a 'ballpark figure' is a rough estimate.
Eager Beaver
An eager beaver refers to a very hard-working individual who is anxious to succeed. This person puts in many hours and is always busy, driven by a strong desire for promotion and high compensation.
FACE
The term FACE can refer to various financial and business concepts, including FACE INTEREST RATE and FACE VALUE.
Industrial Consumer
Refers to a user of industrial products, though the correct term should be 'industrial customer'. The term 'industrial consumer' is utilized informally within the industry to differentiate this user type from other product users.
Overage
Understanding the concept of overage in both general terms and within the context of retail leases is essential for businesses and investors.
REAM
The term 'ream' can refer to both a package of paper and an action meaning to bore a hole or metaphorically achieve a significant victory.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.