Absorption

Business, Legal & Accounting Glossary

Definition: Absorption


Quick Summary of Absorption


An accounting process used in absorption costing in that the overhead of an organisation is borne by the production of that organisation by the use of absorption rates.



What is the dictionary definition of Absorption?

Dictionary Definition


  1. The act or process of absorbing or of being absorbed as,
  2. Entire engrossment or occupation of the mind.
  3. Mental assimilation.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/absorption/
Modern Language Association (MLA):
Absorption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 04, 2020 https://payrollheaven.com/define/absorption/.
Chicago Manual of Style (CMS):
Absorption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/absorption/ (accessed: July 04, 2020).
American Psychological Association (APA):
Absorption. PayrollHeaven.com. Retrieved July 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/absorption/

Definition Sources


Definitions for Absorption are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August, 2019 | 48 Views.