Unsecured Loan
An unsecured loan is a loan that isn’t backed by collateral. Lenders rely on the borrower’s creditworthiness and financial stability. Because of higher risk, unsecured loans often carry higher interest rates. Examples include credit cards, personal loans, and some types of corporate financing.
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Under-absorption of Overheads
Under-absorption of overheads happens when the allocated overheads to products or jobs are less than the actual overheads incurred. It…
Unfavourable Variance
An unfavourable variance occurs when actual costs exceed budgeted or standard costs, or when actual revenue falls short of expectations.…
Utility Expense
Utility expense represents the cost of services such as electricity, water, gas, and internet used in business operations. It is…
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