WIP Definition

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WIP is an acronym for Work in Process/Progress. Usually refers to inventory that has value added from labor or additional processing. When considered for inventory value, the value of the raw material plus the value added component is accounted for in determining the value of that inventory at that point in the process.

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EXTERNAL DEBT is the total private and public debt owed by a country to individuals, households, firms, and governments in other countries.

SHORT TERM INVESTMENTS are fixed income investments that mature in less than one year.

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