COMMISSION Definition

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COMMISSION is remuneration proportional to sales volume; stated as a percentage or monetary amount.

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RECONCILE / RECONCILIATION is the adjusting of the difference between two items (e.g., balances, amounts, statements, or accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).

CD see CERTIFICATE OF DEPOSIT.

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