APPLIED RESEARCH Definition

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APPLIED RESEARCH is designed to solve practical problems of the modern world, rather than to acquire knowledge for knowledges sake.

Learn new Accounting Terms

REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

LEAD-TIME is the time between the initial stage of a project or policy and the appearance of results, for example, the long lead-time in oil production because of the need for new field exploration and drilling.

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