Outrageously Funny Word Dictionary :: Cotised

👉 "Cotised" is a phrase used in accounting and finance to describe a situation where an individual or business has paid a certain amount of money upfront for a product, service, or asset. This upfront payment is typically considered part of the consideration received from the buyer, which can be either cash or another form of payment. In the context of accounting, "cotised" refers to an arrangement in which a company is required to pay a fixed amount of money upfront for a specific asset or service,

cotised