BIFURCATED Definition

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BIFURCATED generally means to be divided into or made up of two parts. In accounting an example would be: to split the cash account in the accounting records into two accounts, cash - principal and cash - income.

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FISCAL POLICY is U.S. Federal policy with respect to spending and taxation as determined by the Congress and the Administration.

COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake.

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