contribution


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Contribution

Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account.

Contribution

Money placed into an annuity or retirement account. Most of the time, contributions are small and are made on a regular basis, especially monthly. Occasionally, however, one may make a large, one-time contribution to purchase the annuity or retirement account. Contributions are combined and invested and, along with any earnings, are eventually repaid to the annuitant or account holder in monthly installments.
Contributionclick for a larger image
Fig. 26 Contribution. Output and sales of chairs.

contribution

the difference between SALES REVENUE and VARIABLE COSTS. If total contributions are just large enough to cover FIXED COSTS then the producer BREAKS EVEN; if contributions are less than fixed costs the producer makes a LOSS; while if contributions exceed fixed costs then the producer makes a PROFIT. Fig. 26 shows how contributions provide a fund out of which total fixed costs must be paid before any profit is made. See MARGINAL COSTING.

contribution

the difference between a product's SALES REVENUE and its VARIABLE COSTS. If total contributions are just large enough to cover FIXED COSTS then the producer BREAKS EVEN; if contributions are less than fixed costs, the producer makes a LOSS; while if contributions exceed fixed costs then the producer makes a PROFIT. See LOSS MINIMIZATION, MARGINAL COST PRICING.

contribution

(1) An appraisal principle that says the value of an improvement is the amount it adds to the value of the property as a whole,not the value of the improvement standing alone in a void. A backyard workshop in a prestigious neighborhood might not add any value at all and could be considered an eyesore detracting from value, but might be worth $10,000 in a different neighborhood.(2) A legal principle holding that if a judgment is collected against one who was held guilty of negligence,assault,defamation,fraud,or some other tort,then that person may obtain a contribution from others against whom the same judgment was rendered, for their proportionate share of the judgment.Likewise,persons jointly liable for a debt,such as partners or cotenants,are responsible to pay their share to the other if one pays the entire amount.

References in classic literature ?
I put down my mite first; then my young family enrol their contributions, according to their ages and their little means; and then Mr.
I didn't know you had actually got further than the twenty-five you told me you were sending as your own contribution.
I forget the other ingredients, but I know nothing was wasted; and I remember that, towards the end, Montmorency, who had evinced great interest in the proceedings throughout, strolled away with an earnest and thoughtful air, reappearing, a few minutes afterwards, with a dead water- rat in his mouth, which he evidently wished to present as his contribution to the dinner; whether in a sarcastic spirit, or with a genuine desire to assist, I cannot say.
Sometimes the contribution was a quilt, or a quantity of sugarcane.
Brooke, not quite knowing at what point the discussion had arrived, but coming up to it with a contribution which was generally appropriate.
It was in some prose sketch of mine that his keen analysis had found the Heine, but the foreign property had been so prevalent in my earlier work in verse that he kept the first contribution he accepted from me for the Atlantic Monthly a long time, or long enough to make sure that it was not a translation of Heine.
What a store of good fortune, what a goodly contribution to happiness, in the very best sense of that term, is really involved in a cheerful, grateful, physical temperament; especially, in the case of a poet--a great poet--who will, of course, have to face the appropriate trials of a great poet.
When the repast was set forth on the board, flanked by Caleb's contribution, which was a great wooden bowl of smoking potatoes (he was prohibited, by solemn compact, from producing any other viands), Tackleton led his intended mother-in-law to the post of honour.
We thank you," it ran, "for your excellent contribution.
Freddie Drummond was a professor in the Sociology Department of the University of California, and it was as a professor of sociology that he first crossed over the Slot, lived for six mouths in the great labour-ghetto, and wrote The Unskilled Labourer--a book that was hailed everywhere as an able contribution to the literature of progress, and as a splendid reply to the literature of discontent.
Two hundred and fifty-seven francs, this was the modest contribution of Switzerland to the American work.
But of his position among the half dozen English poets who have made the largest contribution to thought and life there can be no question; so that some acquaintance with him is a necessary part of any real education.

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