Free on Board (FOB) is an international shipping term used to define the point at which the ownership and responsibility of goods are transferred from the seller to the buyer.…
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Generally Accepted Accounting Principles (GAAP) are a set of standardized guidelines and rules that govern financial accounting and reporting in the United States. GAAP provides a common framework for how…
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Government Contract Bidding is the process through which government agencies solicit and evaluate proposals from private companies and organizations to provide goods, services, or construction projects. The bidding process is…
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Gross Margin and Gross Profit are key financial metrics used to assess a company's profitability and efficiency in managing its core business operations. While they are related, they represent different…
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A Hard Money Loan is a type of short-term loan typically secured by real estate and issued by private lenders or investor groups, rather than traditional financial institutions like banks.…
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Financial Statements are formal records of a company’s financial activities and position over a specific period. They provide a comprehensive overview of a company’s financial performance, including its revenue, expenses,…
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Credit Insurance is a type of insurance policy that protects businesses against losses resulting from non-payment of commercial debt. This insurance is typically used by companies that sell goods or…
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