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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CLEARING ACCOUNT, in banking, is a bank account used by a mortgage servicing company for the temporary, short-term deposit of mortgage payments that have been collected and are either awaiting transmittal to investors who bought the mortgages or awaiting deposit in escrow accounts. See CASH CLEARING ACCOUNT.

DRACHMA (DRACHMAI) is a currency of Greece.

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