General and Administrative Expenses
/ˈdʒɛnərəl ænd ədˌmɪnɪˈstreɪtɪv ɪkˈspɛnsɪz/
Definitions
- (n.) Operating costs not directly tied to production or sales, including salaries of administrative personnel, office rent, and utilities in business financial statements and legal contexts.
The court examined the general and administrative expenses to determine if they were properly allocated in the contract.
Forms
- general and administrative expenses
- general and administrative expense
Related terms
See also
Commentary
Often aggregated with selling expenses, general and administrative expenses are key for assessing indirect costs in contracts and disputes involving financial accounting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.