Postal Services

First-Class Mail
First-Class Mail is a class of mail service that ensures rapid handling, delivery, free forwarding, and is not subject to opening for postal inspection. This service is generally used for sending letters, postcards, bills, and personal correspondence.
Library Rate
Library rate is a special postage rate used for mailing books and other educational materials between libraries, educational institutions, and similar organizations, often for scholarly or research purposes.
Metered Mail
Metered Mail refers to letters and packages that are stamped by a postage meter rather than using traditional postage stamps. This method is often implemented by businesses for convenience, accuracy, and cost-effectiveness in handling bulk mailing.
Nonstandard Mail
Nonstandard mail refers to first-class or single-piece third-class mail that weighs less than one ounce but exceeds established dimensions. Such mail incurs an additional charge.
Piece Rate
The charge incurred per individual piece of mail, distinct from distance-based charges. For example, mailing a first-class letter incurs the same cost regardless of the destination within the country.
Postage Meter
A postage meter is a machine widely used to print postage on envelopes and labels, substituting printed stamps. Authorized by postal services, these machines simplify mailing processes for businesses, ensuring accurate postage and reducing time spent dealing with individual stamps.
Priority Mail
Priority Mail is a class of mail offered by the U.S. Postal Service for letters and parcels, ensuring quick and reliable delivery for packages weighing up to 70 pounds.
Snail Mail
Snail mail refers to traditional mail sent through postal services as opposed to electronic mail (email). This term is often used to highlight the slow nature of traditional mail in contrast to the immediacy of electronic communication.

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.