ALTERNATE PAYEE ENDORSEMENT Definition

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ALTERNATE PAYEE ENDORSEMENT, normally, it is when one payee endorses a draft over to another entity, then the new or alternate payee endorses the draft near the original payees endorsement (signature).

Learn new Accounting Terms

EARNINGS BEFORE TAXES see PROFIT BEFORE TAXES.

USAGE VARIANCE is the difference between the budgeted quantity of materials and the actual quantity used.

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