abandonment
The act of giving up the ownership of something covered by an insurance policy and treating it as if it has been completely lost or destroyed. If the insurers agree to abandonment, they will pay a ...
abandonment
The withdrawal or ending of a product, usually at the end of its life cycle or when it can no longer be produced profitably.
abbreviated accounts
A shorter form of annual accounts that may be filed by a company qualifying as a small or medium-sized company under the Companies Act. The use of abbreviated accounts can cut costs and save time. It ...
ABC classification
A method of ranking items held in inventory enabling particular attention to be given to those that, if incorrectly managed, will be most damaging to the effectiveness or the efficiency of an ...
ability to pay
Generally a condition of an issuer of long-term debt to meet the principal and interest payments (cf. default). See credit analysis; credit ratings.
ability to pay
The principle that taxes should be levied on the basis of taxpayers' ability to pay. This normally leads to the view that as income or wealth increases, its marginal utility (its value to its owner) ...
abnormal loss
The loss arising from a manufacturing or chemical process through abnormal waste, shrinkage, seepage, or spoilage in excess of the normal loss. It may be expressed as a weight or volume or in other ...
above the fold
Originally the upper half of the front page of a newspaper that was visible when the paper was folded, which was the normal presentation format to customers when displayed by newspaper vendors on a ...
