DOWNSTREAM / UPSTREAM SALES Definition

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DOWNSTREAM / UPSTREAM SALES see UPSTREAM / DOWNSTREAM SALES.

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FUNDED DEPRECIATION ACCOUNT is a reserve setup to cover the replacement cost of those capital assets covered within the depreciation schedule.

VOSTRO ACCOUNT is a local currency account maintained with a bank by another bank. The term is normally applied to the counterpartys account from which funds may be paid into or withdrawn, as a result of a transaction.

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