ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SECURED Definition
SECURED is an obligation backed by a pledge of collateral. Opposite of unsecured.
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INVESTMENT CENTER is the responsibility center within an organization that has control over revenue, cost, and investment funds. It is a profit center whose performance is evaluated on the basis of the return earned on invested capital, e.g. corporate headquarters or a division of a large decentralized organization.
ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.
