reversal

reversal definition - business

reversal

  1. An appeals court ruling that overturns a previous court decision.
  2. Negative news, prospects, or financial results for a business, as, for example, when a major customer decides to take its business to a competitor.
  3. An accounting entry that offsets another entry.

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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