Revenue Recognition Principle

Business / Accounting / Revenue Recognition Principle: The idea that revenues should be recorded when (1) the earnings process has been substantially completed and (2) an exchange has taken place.

Other Words for Principle

Principle Noun Synonyms: truth, given, precept, tenet, fundamental, grounds, law, rule, dictum, canon, doctrine, teaching, dogma, proposition, (basic) assumption, postulate, axiom, maxim, truism, guide, standard, criterion, model
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Other Words for Recognition

Recognition Noun Synonyms: acknowledgement, notice, attention, cognizance, acceptance, awareness, perception, admission, honor, appreciation
Recognition Verb Synonyms: identification, detection
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Other Words for Revenue

Revenue Noun Synonyms: (gross) income, proceeds, receipts, return(s), yield, interest, takings, net (income), gate, profits, gain, take
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Revenue Anticipation Note (RAN)

Business / Finance / Revenue Anticipation Note (RAN): A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project. MORE

Revenue Account

Business / Debt / Revenue Account: An investment trust term referring to analysis of investment income. MORE

Revenue Assurance (RA)

Business / Agriculture / Revenue Assurance (RA): A form of revenue insurance that protects a grower of an insurable crop whenever low prices, low yields, or a combination of both causes revenue to fall below a guaranteed level selected by the produc MORE

Revenue Bond

Business / Finance / Revenue Bond: A bond issued by a municipality to finance either a project or an enterprise in which the issuer pledges to the bondholders the revenues generated by the operation of the projects financed. Examples a MORE

Revenue Insurance

Business / Agriculture / Revenue Insurance: A crop insurance program that provides coverage to producers against lost revenues (or incomes) caused by low prices, low yields, or a combination of low prices and low yields. An indemnity is paid to MORE

Revenue Fund

Business / Finance / Revenue Fund: A fund accounting for all revenues from an enterprise financed by a municipal revenue bond. MORE

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