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SWIFT CODE Definition

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SWIFT CODE, within the context of international payment transactions, is a code issued by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) that enables banks worldwide to be identified without the need to specify an address or bank number. SWIFT codes are used mainly for automatic payment transactions.

 

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CONVERSION COSTS is Direct Labor + Manufacturing Overhead.

FEE ABSOLUTE see FEE SIMPLE.


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