GIP
Currency abbreviation of the Gibraltar pound, the official currency of Gibraltar. The currency is pegged at par value with the British pound sterling. The country’s government issues the currency, and mints coins in 1, 2 5, 10, 20, and 50 pence, and also £1 and £2 denominations. It also has banknotes in 5, 10, 20, and 50 pound notes.
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Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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