NON-EXPENSE CASH DISBURSEMENT
\nˈɒnɛkspˈɛns kˈaʃ dɪsbˈɜːsmənt], \nˈɒnɛkspˈɛns kˈaʃ dɪsbˈɜːsmənt], \n_ˈɒ_n_ɛ_k_s_p_ˈɛ_n_s k_ˈa_ʃ d_ɪ_s_b_ˈɜː_s_m_ə_n_t]\
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A legal accounting practice that does not show an expense of cash on the income statement. For example, due to the depreciation costs involved with machinery, the prinicipal cost on a piece of manufacturing equipment will not be stated on the income statement.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.