The New International Webster's Pocket Business Dictionary of the English Language [antikvár]

absorption costingabandonment Law The deliberate surrender of prop-' erty or rights without conveying ownership to another as in abandonment of a rental property before the lease is up. abatement Accounting Cancellation, all or in part, of a levy, such as for taxes, or a special assessment. Law Termination of a cause of action, abend, abnormal ending Computers The termination of computer processing caused by a program or system fault.ability to pay Labor Relations Descriptive of a company's capacity to absorb the cost of wage or fringe benefit increases demanded by a union; a company rejecting demands during contract negotiations on the basis that they cannot afford the cost may be forced to open its books to the union, abort Computers To terminate the processing of databefore completion, above the line Accounting, Finance Any item on a financial report that affects the line, or bottom line of the report which is income before taxes, such as income subject to tax and expenses that are deductible.absorbed Accounting Descriptive of fixed expenses such as for rent and administration, so described because they are absorbed into manufacturing costs according to a formula based on budgeted units. The condition of a fixed expense that has been completely charged off to manufacturing cost for the accounting period. See also absorption costing. absorption costing Accounting A method of calculating the cost of manufactured units by assigning all