DEFERRED REVENUE Definition

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DEFERRED REVENUE see DEFERRED INCOME.

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M as the fifth letter of a Nasdaq stock symbol indicates that the issue is the fourth class of preferred shares of the company.

CLEARING ACCOUNT, in banking, is a bank account used by a mortgage servicing company for the temporary, short-term deposit of mortgage payments that have been collected and are either awaiting transmittal to investors who bought the mortgages or awaiting deposit in escrow accounts. See CASH CLEARING ACCOUNT.

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