CABLE Definition

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CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

Learn new Accounting Terms

INHERENT LIMITATION is whether the potential effectiveness of an entity's internal control is subject to inherent limitations, e.g., human fallibility, collusion, and management override.

EXEMPT is being freed from or not subject to an obligation, liability, tax, etc.; excused. Examples: exempt gifts or tax-exempt bonus.

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