ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LETTER OF CREDIT, CONFIRMED Definition
LETTER OF CREDIT, CONFIRMED is a letter of credit that is guaranteed by a bank that is acceptable to a seller (usually a local bank), regardless of buyers bank.
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NARRATIVE, in accounting, is a written description of an internal control system.
OPTIMAL SOLUTION is that which is determined to be the best solution from all feasible solutions.