noun
a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
• Hypernyms: ↑collection, ↑aggregation, ↑accumulation, ↑assemblage
• Member Meronyms: ↑accounting principle, ↑accounting standard
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abbreviationgenerally accepted accounting principles
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GAAP (finance)
abbrev
Generally accepted accounting principles
Useful english dictionary. 2012.