Business Terms

Appropriate
The term 'appropriate' refers to the act of setting apart or assigning something for a specific purpose or use. It can also refer to the wrongfully use or take the property of another.
Bargaining
Bargaining refers to the process of negotiating for better prices, terms, working conditions, or other benefits between two or more parties, typically involving a give-and-take approach.
Erosion
Erosion refers to the gradual wearing away of land through natural processes such as streams and wind. Additionally, in a business context, 'erosion' describes the gradual decline in elements like sales and market share.
Hard Goods
Durable merchandise such as televisions, appliances, hardware, furniture, or recording equipment.
Proceeds
Proceeds refer to the amount of money or capital generated from a transaction or a series of transactions, typically calculated after applicable costs, fees, and commissions have been deducted.
Stake
Ownership interest or a share in an enterprise, often referring to a vested interest in a company, property, or financial venture.
Vested Interest
A vested interest refers to a right or potential benefit in property that will certainly come about, or an involvement in an outcome that could lead to personal gain. This term is used in both legal and business contexts.

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.