Tip

Gratuity
Gratuity, commonly referred to as a tip, is a sum of money given to certain service sector workers for the services they provide, usually in addition to the basic price.
Tip
A 'tip' encompasses two primary interpretations: a gratuity given for exceptional service and a piece of valuable information in investment contexts.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.