CENTRAL BANK Definition

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CENTRAL BANK is the major regulatory bank in a country, usually government controlled. The UK central bank is the Bank of England; Germany's is the Bundesbank; in the U.S. it is the Federal Reserve System.

Learn new Accounting Terms

OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

UNBUDGETED are items and/or amounts that are currently not included within a budget.

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