Related Words

Sal Soda: Crystallized sodium carbonate. It is used for making cleaning solutions to remove grease and grime from old painted surfaces.

Sales Tax: A sales tax is a tax imposed by state and local governments on transactions that occur within their jurisdictions. The taxing authority determines which transactions are subject to tax and t . . . View Full Definition

Sales Returns And Allowances: A contra-revenue account in which the return of, or allowance for, reduction in the price of merchandise previously sold is recorded.

Sales Tax Payable: Money collected from customers for sales taxes, that must be remitted to local governments and other taxing authorities.

Salesperson: A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities. These may include selling and/or buying real estate, negotiating purc . . . View Full Definition

Sales-Type Lease: The leasing out of a firm's own equipment, such as a printing company leasing its own presses, thereby competing with an independent leasing company.

Sales Or Revenues: Total sales or revenues (fiscal year basis).

Sales Literature: Material written by an institution selling a product, which informs potential buyers of the product and its benefits.

Sales For Local Currencies: A provision of P.L. 480 that permits a portion of commercial sales (under Title I) to be repaid in the country’s local currency.

Sales Discount: A reduction in the selling price that is allowed if payment is received within a specified period.