Work Ticket

Dictionary Says

Definition of 'Work Ticket'


A form that shows the time spent by an employee working on a particular job. It is used as a basis for billing the costs of direct labor to customers, and may also be used for calculating wages of employees who are paid by the hour.

Also known as time card.

Investopedia Says

Investopedia explains 'Work Ticket'


For example, a person who has given his car to an automobile shop for several repairs will receive a bill that shows the amount of time spent by different mechanics on various parts of the car, as well as their billing rates. The time spent by each mechanic on the car is derived from the work ticket.

comments powered by Disqus
Hot Definitions
  1. Legal Monopoly

    A company that is operating as a monopoly under a government mandate. A legal monopoly offers a specific product or service at a regulated price and can either be independently run and government regulated, or government run and regulated.
  2. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  3. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  4. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  5. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  6. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
Trading Center