What does absorption rate mean?

absorption rate meaning in Law Dictionary

predetermined rate that covers all costs sustained in an accounting period. Commonly called recovery price.

absorption rate meaning in Veterinary Dictionary

The rate of which digested nutritional elements comes into the circulatory system.

absorption rate meaning in Business Dictionary

In absorption costing, the price determined ahead of time for many expense centers for allocating fixed costs and variable expenses (together or independently) on production, in an accounting duration. Also called data recovery price.