CFO to DEBT Definition

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CFO to DEBT see CASH FLOW / CURRENT PORTION OF LONG TERM DEBT.

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CLEARING ACCOUNT, in banking, is a bank account used by a mortgage servicing company for the temporary, short-term deposit of mortgage payments that have been collected and are either awaiting transmittal to investors who bought the mortgages or awaiting deposit in escrow accounts. See CASH CLEARING ACCOUNT.

TAFR is Treasurer's Annual Financial Report.

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