Contribution Definition | Becker
Accounting Dictionary
Contribution
A contribution is an unconditional transfer of cash or assets (collection is certain) to a new owner (title passes) in a manner that is voluntary (the donor is under no obligation to donate) and is nonreciprocal (the donor gets nothing in exchange). See also unconditional promise and conditional promise.
Related Terms:
Unconditional Promise [FAR]Conditional Promise [FARBAR]Back to Dictionary