Overhead

The ongoing administrative expenses of a business which cannot be attributed to any specific business Activity, but are still necessary for the business to function. Examples include Rent, utilities, and Insurance.

Related Terms: 7 Activity, CLU, Expense, ECI, Insurance, Inc., Rent

Other Related Pages: Category: Accounting Starting With: O

Additional Related Terms: Accrued expense, Administrative systems, Allowance for depreciation, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Adjustable life insurance