APPLICATION RATE Definition

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APPLICATION RATE is the quantity (mass, volume or thickness) of material applied per unit area.

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CHAPTER 11, in the U.S., is where a company can file for protection under Chapter 11 of the bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganize the business.

ERROR OF PRINCIPLE, in accounting, occurs when one or both of the entries are made in the wrong class or category of account.

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