ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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NEW DEBTOR Definition
NEW DEBTOR is an entity that becomes bound as debtor by a security agreement previously entered into by another entity.
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VENDOR STATEMENT is a statement by the seller to the buyer detailing material particulars regarding the property in question (suitability for intended use).
CONTRA ENTRY, in accounting, is a ledger entry which is offset by an opposite entry, either a debit or credit.