CROSSED QUOTATION Definition

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CROSSED QUOTATION see LOCKED QUOTATION.

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DESIGNATED RECEIPTS is that revenue which is identified for a specific purpose.

REBATE is a. payment to a customer upon completion of a purchase as an inducement or sales promotion tactic; b. unearned interest refunded to borrower if the loan is paid off prior to maturity; c. amount paid back or credit allowed because of an over-collection or the return of an object sold (i.e., a refund).

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