CODING Definition

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CODING, in accounting, is the assignation of the proper account code to invoices.

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BUYERS MARKET is where the quantity of goods for sale exceeds the amount consumers are willing and able to buy at the current market price. It is characterized by low prices. For example, a market condition that occurs in real estate where more homes are for sale than there are interested buyers.

CORRESPONDENT BANK is a bank having communications and business links with the sellers bank.

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