ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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BASLE COMMITTEE Definition

BASLE COMMITTEE was set up by the Bank for International Settlements and is based in Basle. The Committee drew up international capital adequacy standards for banks and was once known as the Cooke Committee, after a former chairman.

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LOADED LABOR RATE is the employee hourly rate plus employee benefits, capital expenses, and other overhead.

TRADE DEBTORS represent amounts of money owed by customers who have purchased goods/services from the company.

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