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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides.
The common law of business balance, often expressed as "you get what you pay for", is the principle that one cannot pay a little and get a lot. That is, paying a cheap price will not guarantee the buyer will receive a product of high quality value.
Cancellation of an insurance policy before the end of the policy period has the effect of ending the insurance coverage on the date of the cancellation. This can result in a partial return premium which can be calculated in different ways depending on the method specified in the policy.
Many businesses sell goods that they have bought or produced. When the goods are bought or produced, the costs associated with such goods are capitalized as part of inventory (or stock) of goods. [3] These costs are treated as an expense in the period the business recognizes income from sale of the goods. [4]
The set of terms below were proposed in 1949 by AB Bookman's Weekly.They were adopted by the bookselling community and are still in use today. [1] [2] [3]As new means that the book is in the state that it should have been in when it left the publisher.
Producer Howard Benson used to be an aerospace engineer. He was also in a band. “We were probably like the worst band in L.A.,” he tells me from his studio in Los Angeles. “But I learned a ...
As is" is a phrase used to indicate the existing condition of something without any modifications or improvements. [1] The term is employed in legal, business, and consumer settings to establish that an item or property is being sold or provided in its current condition, [ 2 ] [ 3 ] with no warranties or guarantees regarding its quality.
Sell-through is the percentage of a product that is sold by a retailer after being shipped by its supplier, typically expressed as a percentage. [1] [2] Net sales essentially refers to the same thing, in absolute numbers. Sell-through is calculated during a period (usually 1 month). [3] Sell through refers to sales made directly (direct sales).