CAPITAL RECEIPTS Definition

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CAPITAL RECEIPTS is proceeds from the sale of capital assets. They may be used to finance new capital expenditure or repay existing loan debt. Receipts available to finance capital expenditure in future years are normally held in the usable capital receipts reserve.

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DUTY is a tax imposed by a customs authority on imported goods. Often used interchangeably with the term "tariff."

RECEIVING is to get something or come into possession of something. In a company it can be a location where goods are received.

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