ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BOUGHT LEDGER Definition
BOUGHT LEDGER see LEDGER.
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HYPOTHECATION, in securities, is the pledging of securities to brokers as collateral for loans made to cover short sales or purchase securities. In banking, it is the pledging of property to secure a loan.
EXPENDITURE is a cost incurred in the normal course of business to generate revenues. See expenses.