ASEAN Definition

ASEAN (Association of Southeast Asian Nations) is a trading block of countries in SE Asia. Originally formed as an anti-communist military alliance, it is now focused on developing a free trade agreement among member nations.

Learn new Accounting Terms

MATERIAL CONTROL SYSTEM (MCS) is the software program used to control the routing and transfer of material within an automated material handling and control system.

DELINQUENCY RATIO is the ratio of past-due loans to total number of loans serviced.

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