ALLOWANCE FOR DOUBTFUL ACCOUNTS Definition

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ALLOWANCE FOR DOUBTFUL ACCOUNTS see ALLOWANCE FOR BAD DEBTS.

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GULL is Georgetown University Legal Library; important resource for sales tax information.

TRUST ACCOUNT is a separate bank account, segregated from a brokers own funds, in which the broker is required by state law to deposit all monies collected for clients; in some states called an ESCROW ACCOUNT.

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