ACCRUAL Definition

ACCRUAL is the recognition of revenue when earned or expenses when incurred regardless of when cash is received or disbursed.

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BACK-TO-BACK TRADING allows securities dealers to trade and settle the same securities several times during the same settlement day without loss of value days.

MARKET ORIENTATION is the business philosophy and approach to focusing on the customer's needs and wants, both stated and hidden, and satisfying them with proprietary or purchased products and services.

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