de minimis
de minimis definition - business
de minimis
Latin for “of trifling importance." In practice, something so inconsequential that no corrective action will be taken. For example, an individual may underpay taxes by such a small amount the tax authority doesn't follow up with a notice of taxes due.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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