ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LESSEE Definition
LESSEE is the party to whom the possession of specified property has been conveyed for a period of time in return for rental payments.
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OPEN ACCOUNT is a non-guaranteed payment arrangement, e.g. similar to department store credit. Goods are purchased and delivered without payment. Future payment for delivered goods is dependent on the good faith of the purchaser.
TAKA is a currency of Bangladesh.
