👉 Stealage is a term used in accounting and finance to describe the amount of goods or services that are not sold but remain on hand, either due to inventory shortages or because they have been purchased at an above-market price. It is often used to reflect excess stock or surplus items that may be held by a company for future use or disposal.
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What is the definition of Stealages? 🙋
👉 Stealages are a type of theft where individuals or entities intentionally take property from another person, typically without their knowledge or consent. This can include taking money, jewelry, vehicles, or other valuable items. Stealing is illegal and can result in criminal charges, fines, imprisonment, and damage to the victim's reputation. It also has negative consequences for the individual who committed the theft, as it often leads to financial hardship and a loss of income.
