Weight Measurement

Gross Ton (GT)
A Gross Ton (GT) is a unit of weight commonly used in the United Kingdom and United States for measuring heavy masses, equivalent to 2,240 pounds in the Avoirdupois system, traditionally employed in shipping and heavy industries.
Gross Weight
Gross weight refers to the total weight of goods within a shipping container, including the weight of the container itself. This measurement is crucial in logistics and transportation for managing load limits and calculating shipping costs.
TON
Understanding 'TON': From Finance Jargon to Measures of Weight. Learn the different contexts in which 'TON' is used, including its meaning in bond trading and its various weight measurements.

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.