ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OPEN ACCOUNT Definition
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.
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COLON (COLONES) is a currency of Costa Rica and El Salvador.
BUFFER STOCK see STOCK RESERVE.