CHAIRPERSON OF THE BOARD Definition

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CHAIRPERSON OF THE BOARD is the head of the board of directors of a corporation, and generally considered as head of the firm.

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CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

DRAFT, in import / export, is a contract between buyer and seller that the buyer will pay a certain amount of money, within a specified period of time, for the goods purchased.

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