CONTINGENT Definition

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CONTINGENT is a result that is determined by conditions or circumstances not yet established.

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FINANCIAL SYSTEM is an information system, comprised of one or more applications, that is used for any of the following: collecting, processing, maintaining, transmitting, and reporting data about financial events; supporting financial planning or budgeting activities; accumulating and reporting cost information; or supporting the preparation of financial statements.

REDISCOUNT is to discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

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