CAR Definition

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CAR is Certificate of Automobile Receivables; an asset ­backed security supported by automobile loan contracts.

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AUDIT SCHEDULES are the information formats developed by the external auditors to guide the corporation in the preparation of particular information presented in a particular manner that facilitates the audit. These should always be completed by the corporation prior to the start of the audit.

UNLIMITED COMPANY is where there is no limit to the member's liabilities.

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