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Term of the Day
fixed overhead cost
fixed maturity plan
fixed premium
Definition
Overhead
expenses
, or
business
expenses not
directly
related
to
inputs
to the production process, that
do not increase
or
decrease
when
productivity
or
sales
income
increases
or
decreases
. Expenses such as
rent
and
property tax
tend to remain the
same
, whether productivity
rises
or
falls
.
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Popular 'Accounting' Terms
current ratio
equity
working capital
asset
EBITDA
revenue
net income
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net profit
net worth
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