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Glossary   >   O   >   "Ordinary and Necessary Expenses - O and NE" Definition            Ordinary and Necessary Expenses - O and NE A tax provision for business expenses, it states that necessary business expenses are fully deductible as current expenses. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Ordinary and Necessary Expenses - O and NE - A tax provision for business expenses, it states that necessary business expenses are fully deductible as current expenses.