CENT Definition

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CENT is a currency of: United States of America, Sierra Leone, China, South Africa etc.

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ORDINARY ASSET is a non-capital asset used for business purposes. See CAPITAL ASSET.

AUTHORIZATION SCHEDULE is the guideline under which the subject activity is controlled and authorized. For example, expenditure spending may be controlled by amounts and the managerial level required authorizing or approving a preset trigger amount. As the amount increases over certain preset levels, higher managerial authority is required for approval.

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