ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BLIND TRUST Definition
BLIND TRUST is a trust where assets are not disclosed to their owner.
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CONTRACT REVENUES are the revenues recognized under % of completion method.
PLEDGED ACCOUNTS RECEIVABLE is short-term borrowing from financial institutions where the loan is secured by accounts receivable. The lender may physically take the accounts receivable but typically has recourse to the borrower; also called discounting of accounts receivable.