Examlex
The only difference between the weighted average method of process costing and the FIFO method is
Right of First Refusal
A contractual right that gives its holder the option to enter into a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.
Option Agreement
An agreement that gives a party the option, but not the obligation, to buy or sell an asset at a predetermined price and date.
Buy-and-Sell Agreement
A legally binding agreement between co-owners that outlines the procedure for the redistribution of shares of a departing owner, often used in partnerships and close corporations.
Transfer Restriction
Legal limitations placed on the transferability of securities or other assets, which may require certain conditions to be met before transfer can occur.
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