ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MATRIX ORGANIZATION Definition
MATRIX ORGANIZATION is where a company superimposes a group or interdisciplinary team of project specialists on a functional organizational design. In a matrix organization the members have dual allegiances, i.e., to that particular assignment or project as well as their normal organizational department.
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SLR see STATUTORY LIQUIDITY RATIO. SLR is an acronym with several other possible meanings, e.g., Stock Level Report, Stock Level Requirement, System Level Requirement(s), etc.
BILLBACK, in e-commerce and credit card transactions, is a means of recovering or reducing interchange fees for transactions clearing differently than planned. The processing company (FDC) passes through the charges to the merchant.