DISCREPANCY Definition

DISCREPANCY is a difference between conflicting facts or claims or opinions. In import / export, it is situations relating to official documents that are presented that do not conform to what is required within the Letter of Credit.

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FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

AFUDC is Accumulated Funds Used During Construction or Allowance for Funds Used During Construction.

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