ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OPERATION AGREEMENT Definition
OPERATION AGREEMENT, within an LLC, is similar to the constitution of a corporation. It is drafted primarily because an LLC only has a basic Articles of Organization that is very general in nature. An Operation Agreement has much more specificity as to the formation and operation of the LLC organization.
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PORTFOLIO is a term for describing all the investments that an entity owns. A diversified portfolio contains a variety of investments.
JIAO (CHIAO) is a currency of China.