ACCOUNTS RECEIVABLE RESERVE Definition

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ACCOUNTS RECEIVABLE RESERVE is a reserve against bad debt. See also RESERVE and RESERVE ACCOUNTS.

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RUPEE is a currency of Ceylon, India, Mauritius, Nepal, Pakistan, Seychelles, Sri Lanka, and Zanzibar.

COLLECTIVE INVESTMENT SCHEME, globally, is any arrangement for pooling several investors funds so that the pooled fund can obtain economies of scale and a spread of investments beyond the reach of individual investors. It is usually called an investment company in the U.S.A.

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