Definitions (4)
2. Accounting: Amount left over after direct (variable) costs are deducted from the sales revenue. Also called gross income, this sum pays for indirect (fixed) costs and contributes to net income.
3. Insurance: Proportional sharing of loss by the insurers when more than one policy is taken by the insured for the same peril. Under a contract of indemnity, the insured cannot profit from his or her misfortune irrespective of the number of policies.
4. Law: Right of a joint debtor (or joint tortfeasor) who pays entirely a debt (or liability) to recover from other joint debtors (or joint tortfeasors) their individual shares of the debt (or liability).
Articles related to 'contribution'
Business Tips
Cutting Costs to Create Big Savings
Get paid what you're worth and spend less than you earn. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution ... Read more
More Tips
Questions related to 'contribution'
Related Videos
http://www.businessdictionary.com/definition/contribution.html
