CHEQUE Definition

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CHEQUE see CHECK.

Learn new Accounting Terms

ACTUARIAL METHOD means the method of allocating payments made on a debt between the amount financed and the finance or other charges where the payment is applied first to the accumulated finance or other charges and any remainder is subtracted from, or any deficiency is added to the unpaid balance of the amount financed.

REGRESSIVE TAX is a tax system to where the more income that is realized the lower the tax rate becomes.

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