COMPENSATING ERROR Definition

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COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake.

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EQUITY HOLDING is a holding of the nominal share capital in a company where the shareholding entitles the shareholder to a right to votes, to profits available for distribution to shareholders and to assets available for distribution on a winding up of that company. A holding of shares held as trading stock for the purpose of a trade does not constitute a participating holding.

PREPAYMENT is the payment of all or part of a debt prior to its due date.

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