ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LIVING ASSETS Definition
LIVING ASSETS are employees. Also referred to as "live assets," "human capital," "resources" and "carbon units."
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FBWT, in finance, is Fund Balance With Treasury.
DOCUMENT RETENTION POLICY is a set of guidelines that a company follows to determine how long it should keep certain records, including e-mail and web pages. The policy is important for many reasons, including legal requirements that apply to some documents. For example: a. for tax-related items - the recommended retention is seven years; and, b. for real estate records - the recommended retention is twenty years.