Administrative expenses, also known as general and administrative expenses, are the overhead costs incurred by a company to manage and support its operations. These expenses do not directly associate with the production of goods or services.
A term used to describe the physical property and infrastructure of a business or organization, as opposed to its intangible assets or online presence.
A 'Debtor in Possession' (DIP) is a status granted to a debtor who retains control of property and continues to operate its business while undergoing a bankruptcy proceeding, typically under Chapter 11 in the U.S. Bankruptcy Code.
A minority discount is a reduction from the market value of an asset, reflecting the lack of control and influence that a minority interest owner has over the business operations. This discount adjusts the perceived value of ownership stakes that do not confer control.
Revenue refers to the total income generated from normal business operations and includes discounts and deductions for returned merchandise. It is a crucial metric indicating the financial performance of an organization.
Trade fixtures are objects placed in rented commercial properties by tenants to facilitate their business operations. These fixtures can typically be removed by the tenant before the lease's expiration. However, if they are not removed in a timely manner after the lease ends, they may become the property of the landlord.
Turnover rate refers to the percentage of tenants, employees, or salespeople that leave a property, company, or organization within a specific time frame, typically within a year.
