ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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E&O INSURANCE Definition
E&O INSURANCE is an errors and omissions, or E&O, liability policy (often called malpractice insurance) covers liability for negligent acts, errors and omissions committed by professionals, including physicians, accountants, lawyers, etc.
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JCO is Justification for Continued Operation.
COST AVOIDANCE is an action taken in the present designed to decrease costs in the future.