FINANCIAL ACCOUNTING STANDARDS BOARD Definition

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FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) is a professional organization which develops accounting principles.

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FREE TRADE ZONE (FTZ) is an area, usually a port of entry, designated by the country for duty-free entry of goods. As long as the goods do not go into the country from the FTZ, no duty is assessed. While in the FTZ, goods may be processed, packaged, serviced or displayed.

GINNIE MAE see GOVERNMENT NATIONAL MORTGAGE ASSOCIATION.

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