Business Affairs
Glossary
GlossaryGlossary
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- Vendor
- A company or person from which goods and/or services are purchased. Includes a company, individual, subcontractor or contractor.
- Vendor Refunds
- If a vendor was overpaid and a refund is received, the refund is to be credited to the Fund/Index and account code from which the purchase was originally paid. An overpayment may be the result of returning prepayments, a credit for early payment, or a refund for the return of defective merchandise. See Refunds definition.
- Visa Petition Fee
- The fee for visa petition to classify a non-immigrant as a temporary worker or trainee is an allowable expenditure. Payment cannot be made for any expenses the alien incurs while procuring a visa through the American Consulate, only the Visa fee itself.