by-product
by-product (n)
English Definitions:
by-product, byproduct (noun)
a secondary and sometimes unexpected consequence
by-product, byproduct, spin-off (noun)
a product made during the manufacture of something else
by-product (Noun)
A secondary product; something made incidentally during the production of something else.
by-product (Noun)
A side effect.
By-product
A by-product is a secondary product derived from a manufacturing process or chemical reaction. It is not the primary product or service being produced. In the context of production, a by-product can be defined as the 'output from a joint production process that is minor in quantity and/or NRV when compared to the main products'. Because they are deemed to have no influence on reported financial results, by-products do not receive allocations of joint costs. By products also by convention are not inventoried, but the NRV from by-products is typically recognized as 'other income' or as a reduction of joint production processing costs when the by-product is produced. A by-product can be useful and marketable or it can be considered waste. IEA offers the following definition for the purpose of life-cycle assessment:
By-product
A by-product or byproduct is a secondary product derived from a production process, manufacturing process or chemical reaction; it is not the primary product or service being produced. A by-product can be useful and marketable or it can be considered waste: for example, bran, which is a byproduct of the milling of wheat into refined flour, is sometimes composted or burned for disposal, but in other cases, it can be used as a nutritious ingredient in human food or animal feed. Gasoline was once a byproduct of oil refining that later became a desirable commodity as motor fuel. The plastic used in plastic shopping bags also started as a by-product of oil refining.
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"by-product." Kamus.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.kamus.net/english/by-product>.
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