Invertext Online Technical Dictionary




Definition 1

Exchange of a commodity or performance of a specified service for money or other valuable consideration.

Source: Invertext, from Concise Oxford Dictionary

Context: Increasingly, vendors of business products have realised that offering the customer attractive financing options is as crucial to closing a sale as the functionality of the product itself.

Source: Financial Times 13/06/2007 (Mike Treanor)

Definition 2

For accounting purposes, an exchange or performance (as above) formalised (usually by means of an invoice or documentary equivalent) within the accounting period.

Source: Invertext

Context: On the sales side of the business, all sales must be invoiced with quantity and value of items sold being recorded.


Appears in the following subjects

Accounting, Stock Markets