breakage definition

breakage

Fixed amount or percentage a supplier allows a customer to deduct from an invoice to compensate for goods broken during transit. For perishable goods, this amount is called spoilage.

Premature repayment of a loan that attracts a penalty.

breakage is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

breakage appears in the definitions of the following terms: Inchmaree clause, fragility, wastage, fracture and with particular average

breakage appears in these other term: breakage cost

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