CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.
CLOSING DATE is the date the purchase of the asset becomes final and you, the new owner, obtain title.
ACCOUNTING DIVERSITY is the recognition that many diverse national and international accounting standards exist in the world.
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