ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ECONOMIC EVENT Definition
ECONOMIC EVENT is the transfer of control of an economic resource from one party to another party.
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EXERCISE, in business or law, to make use of a right available in a legally binding agreement, e.g. to implement the right of the holder of an option to buy (in the case of a call) or sell (in the case of a put) the underlying security.
REVOLVING FINANCING is financing secured by collateral.