ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SPLIT PAYMENT Definition
SPLIT PAYMENT allows the customer to: a. pay part of the bill with cash and part with a credit card; or, b. apply portions of payments across several invoices.
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EUROBOND see GLOBAL BOND.
PERPETUAL is a fixed income security with no maturity date, such as a preferred stock with no sinking fund.