ACCRUED REVENUE Definition

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ACCRUED REVENUE is the accumulated revenue as they have been recognized over a given period.

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NON-BULLETIN BOARD (NBB) are OTC securities that are not quoted on the OTCBB. NBB securities may or may not be quoted on the Pink Sheets. Also called other-OTC.

INITIAL TERM is normally the first time period covered under an agreement or contract (the Term) at the end of which the agreement will either terminate or be automatically renewed under set conditions (Renewal Term), e.g. a one year contract.

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