Definitions for "General and Administrative Expenses"
These represent expenses that can not be directly allocated to a particular product or service. It is usually referred as overhead. General Partnership: A form of partnership where all the partners share ownership interest in a way that they also share the privileges and risks in the same magnitude.
For an insurance company, the costs incurred as a result of an insurer's normal business operations, including both contractual benefit expenses and operating expenses.
shown in the income statement as all items of expense of a general nature which cannot be specifically attributed to individual construction projects.