DEBTOR Definition

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DEBTOR is the party against who one has a claim.

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COST REDUCTION is actions taken in the present designed to decrease costs in the present. See COST AVOIDANCE.

AUTHORIZATION SCHEDULE is the guideline under which the subject activity is controlled and authorized. For example, expenditure spending may be controlled by amounts and the managerial level required authorizing or approving a preset trigger amount. As the amount increases over certain preset levels, higher managerial authority is required for approval.

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