Company’s profitability as a percentage of gross profit . Calculation is gross profit divided by revenue.

Using historical gross profit percentages to estimate ending inventory .

Weekly advertising schedule’s rating points tally. Can be tallied for longer periods. The tally can represent the percent of targeted households reached once per week, or the percentage of them […]

Total amount of monies taken in from sales, asset interest, and any rents, minus monies taken in from the sale of assets or an employee withholding tax . Typically done […]

Tax levy on total business revenue rather than net income. Often done to utility companies.

Accounting procedure . Posting cash discounts on purchases against a journal entry ‘s full invoice amount. Recording the discount can treat it as non-revenue, if deducted from the original debited […]

Monthly rent including an estimated utility cost. Basic charge to occupy a premise . This is the monthly amount paid by the renting party to the owner (or another third […]

Money one actually paid to buy products and/or services … no discounts. Also known as raw sales income.

Un-adjusted by deductions, total aggregate employee wage amount. Pay can occur weekly, biweekly, or monthly. Value before federal and state taxes are deducted. This value is one factor creditors use […]

Un-adjusted, total sales invoice value. Un-adjusted means prior to deducting discounts or returns, or miscellaneous adjustments .

The term for gross income in the securities industry. The difference of investor’s purchase cost and issuer’s sale . Underwriter ‘s fee, issue manager’s fee, and security selling firm discount […]

1. Another name for long ton (2240 pounds). 2. Another name for register ton (100 cubic feet or 2.832 cubic meters).

Another name for gross registered tonnage (Refer to tonnage).

Adding deductions to a net amount owned by a receiver. This could include taxes.

1. In Air transport, this the total weigh of aircraft, fuel, crew, passengers, and cargo, everything flying. 2. In Rail and road transport, this is the total weight vehicle, goods, […]

Fr. In French marine law. The contract of bottomry. Ord. Mar. liv. 3, tit 5.

Timber. Cowell.

The total amount promised by the deceased to a beneficiary . Since a gift tax can reduces the promised value, there is a practice of adding an amount back into […]

L. Fr. Largely, greatly. Grosscment enseint, big with child. Plowd. 76.

In old English law . A fine, or sum of money paid for a lease. Plowd.270, 271. Supposed to be a corruption of gersuma, (g. v.) See GRESSUME.

1. Soil; earth; a portion of the earth’s surface appropriated to private useand under cultivation or susceptible of cultivation.Though this term is sometimes used in conveyances and in statutes as […]

Where a ground wire is connected to earth as the neutral service wire as a part in an electrical service panel.

Airplane insurance covering its body on the ground. ‘Not in flight’ or ‘not in motion’ are the dangers listed .’ A taxiing airplane is also covered by ‘Not in flight’ […]

Beginning period with lowest expense and highest gain of a new venture or investment opportunity .

This term applies to an attorney’s misconduct that may see him lose his license to practice law.