ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FICTITIOUS ASSET Definition
FICTITIOUS ASSET is debit balance includes on balance sheets as assets that do not conform to the definition of an asset. Intentional includes of assets known to be fictitious assets may be ruled as fraud.
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CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.
BANK BASE RATE is the annual interest rate on which British banks calculate lending charges (minimum lending rate).