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HISTORICAL COST: An accounting principle stating that expenses are recorded in terms of original or acquisition cost. Such a practice does not necessarily indicate the opportunity cost or current market value.
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EXPANSION A phase of the business cycle characterized by a general period of rising economic activity. An expansion is one of two basic business cycle phases. The other is contraction. The transition from expansion to contraction is termed a peak and the transition from contraction to expansion is termed a trough. The early phase of an expansion is commonly termed a recovery.
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Al Capone's business card said he was a used furniture dealer.
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"You can't build a reputation on what you are going to do." -- Henry Ford, automaker
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CPI-W
Consumer Price Index-Urban Wage Earners and Clerical Workers
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