DATE DRAFT Definition

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DATE DRAFT is a payment option draft that matures in a specified number of days after the date issued.

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INSERTION ORDER, in marketing, is an agreement that specifies aspects related to an advertising campaign.

ACCRUED LIABILITY are liabilities which are incurred, but for which payment is not yet made, during a given accounting period. Some examples in a manufacturing environment would be: wages, taxes, suppliers/vendors, etc.

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