DEBIT Definition

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DEBIT is a record of an indebtedness; specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account.

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RENEWAL NOTE is a note that renews a previous note due date.

POISON PILL is where the targeted company defends itself by making its stock less attractive to an acquirer.

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