AGING OF RECEIVABLES Definition

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AGING OF RECEIVABLES see ACCOUNT AGING.

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STRIPS, in securities, is dividing a Treasury bond or mortgage-backed security into its principal and interest payments and selling the claims to these payments as new and separate securi­ties. The principal portion is called a principal only (PO) security, and the interest portion is called an interest only (IO) security

COBOL is Common Business Oriented Language.

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