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TeachMeFinance.com - explain Breakage
Breakage -- 1. A monetary allowance that a manufacturer allots for compensation to a buyer for breakage to goods (usually fragile) while in shipment. 2. A fractional amount due either party in a transaction, for example in computing interest. 3. In marine insurance, "breakage" refers to breakage of fragile goods such as glass and china.
About the author
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Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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Copyright © 2005 by Mark McCracken, All Rights Reserved.
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