The sum both the barometric and gauge pressure which is equivalent to 14.7 pounds per square inch at sea level.

A legal concept indicating that if a public company DEFAULTS, shareholders are only entitled to recover their investments after creditors have been fully repaid. In most BANKRUPTCY cases shareholders receive […]

A rule that protects the holder from harm that occurs from any actions or lack there of. Qualified privilege is another term for this.

A specific amount of inventory allowed into a country. This limits the amount of foreign goods allowed in a country at any one time. It also called a tariff rate […]

The privileges resulting from owning property; rights from a contract relationship ; the right to refuse or to make a contract with someone.

When an agreed payment is made the property is considered transferred from the seller to the buyer. This payment has no stipulations in this simple transaction .

A title that is acquired by the proprietor. This absolute title is free from any complications such as judgments or liens. It is the only title required for selling a […]

An individuals internet address that leads to a directory or website. This has also been called an absolute link or a relative URL .

The guarantee in a sale that has no attached conditions. It is a total and permanent warranty.

The action to acquit; or the action to release from an obligation .

1. Considering the cost of business as an expense which prevents the raise of price. 2. The transference of funds from other accounts. The original identity of the accounts is […]

The simplification of accounting when multiple accounts with the same purpose are combined. Upon absorption the original account information no longer leaves a paper trail only showing the transfer of […]

A company that merges with another to gain more stability.

The companies costs associated with manufacturing operations such as insurance and taxes. These expenses are listed in a separate account .

The costs of manufacturing that are not related to production. They can be taxes, insurance, and building expenses. These costs are linked to a separate account .

The trace amounts of materials that are absorbed and retained by the body. This is measured by milligrams per kilogram of the individuals body weight per day. This is commonly […]

Applied overhead is a definition that will be helpful here.

Material that extracts a fluid (gas or liquid) from a medium or surface on contact, and changes physically or chemically during the process.

1. Accounting: When related accounts are absorbed into each other. Called an absorption account . 2. Economics: Total amount spent by a country on goods and services. Account deficits or […]

1. In the process of creating a financial statement a ledger account is absorbed into another. 2. The account where overhead is listed against the volume of production.

The pricing practice where all factors of cost are reported to aid in the absorption rate . This guarantees all costs are recovered. It is also called full absorption costing […]

A pricing method that includes variable cost per item and fixed costs. It guarantees a profit.

A predetermined rate that covers all costs incurred in an accounting period . Commonly called recovery rate .

Acceptable variance incurred by manufactured goods from the budgeted absorption rate .

Refuseal, from one bankruptcy court , to get involved with a matter of another court with jurisdiction