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Obsolete inventory
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Obsolete inventoryTerm that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry.
RELATED TERMS--------------------------------------
Term
The period of time during which a contract is in force.
Inventory
An amount of goods stored ready for sale; in accounting, the value of raw materials, work in progress and finished but unsold products.
Industry
A category used to describe a company's primary business activity, usually determined by the largest source of a company's revenues.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Objectivity principle
In accounting, all data recorded should be verifiable and free from bias.
Obligation
A legal responsibility, such as to repay a debt.
Obligation bond
A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value.
Obligor
A person who has an obligation to pay off a debt.
Observational noise
The error between the true value in a system and its observed value due to imprecision in measurement.
Obsolete inventory
Occupational pension scheme
A pension scheme generated by a company or organisation for the benefit of its employees.
Occupational Pensions Regulatory Authority
The Authority set up under the Pensions Act 1995 to make occupational pensions more secure.
Ocean bill of lading
Receipt for a shipment by boat, that includes freight charges and title to the merchandise.
October effect
A theory that postulates that stocks will tend to decline during the month of October.
Odd lot
A trading order for less than 100 shares of stock.
RELATED TERMS--------------------------------------
Term
The period of time during which a contract is in force.
Inventory
An amount of goods stored ready for sale; in accounting, the value of raw materials, work in progress and finished but unsold products.
Industry
A category used to describe a company's primary business activity, usually determined by the largest source of a company's revenues.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Objectivity principle
In accounting, all data recorded should be verifiable and free from bias.
Obligation
A legal responsibility, such as to repay a debt.
Obligation bond
A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value.
Obligor
A person who has an obligation to pay off a debt.
Observational noise
The error between the true value in a system and its observed value due to imprecision in measurement.
Obsolete inventory
Occupational pension scheme
A pension scheme generated by a company or organisation for the benefit of its employees.
Occupational Pensions Regulatory Authority
The Authority set up under the Pensions Act 1995 to make occupational pensions more secure.
Ocean bill of lading
Receipt for a shipment by boat, that includes freight charges and title to the merchandise.
October effect
A theory that postulates that stocks will tend to decline during the month of October.
Odd lot
A trading order for less than 100 shares of stock.
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This dictionary contains 24549 terms.
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