Generally Accepted Accounting Principles (GAAP)

Definition:

The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Project

The asset constructed with or owned via a project financing, which is expected to produce cash flow at a debt-service coverage ratio sufficient to repay the project financing.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio