Component is the general term for an item in the application. Typically, you will find components in drop-down lists.
Some examples of components are:
•Book to Tax Adjustments: Permanent Difference, Temporary Difference, and Tax Adjustments.
•Payable Items: Transaction Codes, Buckets.
•Unit Attributes: State, Jurisdiction, Attachments, and Roll-up Codes.
•System Items: User Rights.