Glossary for Industry Terms

Learn industry terms, acronyms, phrases and more!

Browse the topics in our Glossary below to learn about the terms, acronyms and abbreviations that are used in business.

If you can’t find the term or phrase you’re looking for, use the search above for a list of related topics.

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Work-in-Progress (WIP)

Work-in-progress, or WIP, refers to a type of good that is unfinished—products that require further processing in order to turn them into their intended final or completed form.

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