Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “GAAP”

GAAP

noun [plural]
 
 
/ɡɑːp/ ACCOUNTING
abbreviation for Generally Accepted Accounting Principles: in the US, the rules that companies must follow when preparing financial accounts and reports: Under GAAP, revenue from a software sale should not be recognized until a copy of the software has been delivered to the customer. mandated/required by GAAP in accordance/conformity with GAAP
(Definition of GAAP from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of GAAP?
Add Cambridge dictionaries to your browser to your website

Definitions of “GAAP” in other dictionaries

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More