CLOSING ACCOUNT Definition

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CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.

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VC is Venture Capital(ist) or Variable Cost. See also VENTURE CAPITAL, VENTURE CAPITALIST or VARIABLE COSTS.

OVERLEVERAGED is a balance sheet condition where the entity is incapable of servicing its debt load (interest payments) with available capital sources. Simply put, the entity is carrying too much debt.

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