CREDIT CARD Definition

CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

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PAYOUT RATIO is dividends paid divided by company earnings over some period of time, expressed as a percentage.

EVIDENCE, in accounting, includes written and electronic information (e.g. checks, records of electronic fund transfers, invoices, contracts, and other information) that permits the auditor to reach conclusions through reasoning.

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