What Does it Mean? Loans, insurance and other agreements generally offer a built-in grace period, which is the additional time provided after the due date to clear your pending payments. After this period ends, a penalty may be applied as per the terms and conditions. During the grace period, contracts and loans cannot be marked …
Post Type Archives: Glossary
Gross Domestic Product
The answer to what is Gross Domestic Product (GDP) is that it is the final monetary value of all finished goods and services that a country produces in a specific duration. Gross Domestic Product measures the overall domestic production and provides insights into a country’s economic health. In India, the agricultural, services and industrial sectors …
Gross Interest
Gross interest is the yearly rate of interest that you receive when you invest in various vehicles such as a security or a fixed deposit. It refers to the interest before tax or before other fees are applied. Gross interest can also apply to the annual interest due on a loan. Be aware that gross …
Gross Profit
Gross profit is also called sales profit or gross income. It refers to the profit you make after deducting the costs. Gross profit usually applies to companies who sell goods by subtracting the cost of manufacturing and all other processes from the sales proceeds. Generally, Gross profit = Revenue or net sales – Cost of …
Gross Profit Margin
Gross profit margin is the revenue that a company retains post calculating the cost of goods sold (COGS). It depicts the profit that a company made prior to deducting general, selling and administrative expenses, which is the net profit margin of the company. The formula to calculate gross profit margin = (Total Revenue – Cost …