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/
abbreviation for Generally Accepted Accounting Principles: the rules that companies must follow when they give financial information: Under US GAAP accounting rules, the company's earnings fell to a $1.1 billion loss.Accounting
(Definition of GAAP noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

Definitions of “GAAP” in other dictionaries

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More