ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CARD is Certificate for Amortizing Revolving Debts; an asset-backed security backed by credit card receivables.
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PREREFUNDING is the the issuing of new securities to refund an outstanding security. Proceeds from the new securities are used to buy instruments, usually U.S. Treasuries, to be held in escrow for the purpose of retiring bonds or preferred stock.
REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.