ABSORB Definition

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ABSORB is to assimilate, transfer or incorporate amounts in an account or a group of accounts in a manner in which the first entity loses its identity and is "absorbed" within the second entity. For example, see ABSORPTION COSTING.

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SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.

INDEX STOCK is a security listed on a stock index. See STOCK INDEX.

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