8 Things You May Not Know About Queen Elizabeth II. Explore eight interesting facts about Britainâs long-serving monarch, who ascended the throne upon the death of her father in February 1952.
Net operating loss (NOL) A net operating loss (NOL) results when a business allowable deductions exceed its gross income for the tax year. It can use the NOL in another year to reduce taxable income. When the NOL is carried back to a previous year a refund may result. While less common, individuals may have an NOL from expenses other than business losses, including: Employee business expenses;
DEFINITION of 'Operating Cost'. Operating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.The operating cost is a component of operating income and is usually reflected on a companyâs income statement.perating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.