retroactive adjustment

retroactive adjustment definition - business

retroactive adjustment

  1. A change applied to a previous incident or amount. For example, a public service commission orders a retroactive adjustment to utility rates.
  2. See prior period adjustment.

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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