Thirteenth Month

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Thirteenth Month

An accounting method that recognizes write-offs and unusual income in an artificially created 13th month. This allows an organization to consider the strength of its finances from ordinary operations in the other 12 months.
References in periodicals archive ?
The Bank of England's Monetary Policy Committee announces today whether to keep interest rates on hold for the 13th month in a row.
It's like adding a 13th month of sales in their shooting schedule because they aren't dependent on the lab's cutoff dates to meet their deadlines, especially during busy seasons.
The Bank's monetary policy committee said it would keep the cost of borrowing unchanged for the 13th month in a row at four per cent, the lowest level for almost 40 years.
As revealed in The Birmingham Post yesterday, Solihull-based Land Rover notched a 44 per cent rise to 3,803 vehicles, the 13th month of record sales for the company.
7% in the latest month, remaining below 50% for the 13th month in a row.
Unless otherwise noted, the results reported herein include the international 13th month.
1, signaling contraction for the 13th month, while the German sales figure actually fell fractionally.
Land Rover managed to sell a total of 3,803 vehicles in the States during November - the 13th month in a row of record sales for the company - reflecting the addition of the Freelander and new Range Rover to its US line-up.
75 million debenture include no payments for 12 months, on the 13th month $20K per month reduced outgo and convertible at $1.
Contraction now continues for a 13th month as the US faces a recession that may ultimately prove greater than any suffered since the post-war period.
The Bank of England's Monetary Policy Committee holds its latest interest rate meeting this week and is expected to leave borrowing costs steady at four per cent for the 13th month running.