ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FRANCHISE is a legal arrangement giving rights to sell a product or service.
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DUE DILIGENCE usually refers to an internal audit of a target firm by an acquiring firm.
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.