Fixed Costs - Law Dictionary Search Results
fixed costs
fixed costs Business costs that do not vary with sales volume
marginal cost
one more unit of output since certain ovrhead costs are fixed the marginal cost is almost aways less than the total
depreciation
System straight-line depreciation : depreciation of an asset by a fixed percentage of its original cost based on its estimated life … on company books as a yearly charge amortizing the original cost over the useful life of the property accelerated depreciation :
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Solicitor
Examinations of persons intending to become solicitors are held as fixed by ss. 26 to 39, as amended by the 1936 … (see Brown v. Tibbetts, 11 CBNS 855) his bill of costs until one month after its delivery in the manner prescribed
Actual cost
cost, The accepted accountancy rule for determining the cost of fixed assets is to include all expenditure necessary to bring such … Actual cost, The accepted accountancy rule for determining the cost of fixed
conversion clause
provision in some ARMs allowing it to change to a fixed-rate loan at some point during the term. Usually conversions are … then prevailing for fixed rate mortgages. There may be additional cost for this clause. Source: U.S. Department of Housing and Urban
mortgage
usually initially lower than that of a mortgage with a fixed rate but which is adjusted periodically according to an index … which is adjusted periodically according to an index (as the cost of funds to the lender) balloon mortgage : a mortgage
overage
under the terms of a lease in addition to a fixed rent b : an amount by which a payment or … rent b : an amount by which a payment or cost exceeds an expected or budgeted amount c : surplus
points
$950 to the lender. Lenders frequently charge points in both fixed-rate and adjustable-rate mortgages in order to increase the yield on … the yield on the mortgage and to cover loan closing costs. These points usually are collected at closing and may be
tax
tax [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1 : to assess or...
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