FINANCIAL SCHEDULE Definition

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FINANCIAL SCHEDULE, contained in an audited annual report, summarizes the audited financial position of the audited entity. Other application of the term is the scheduling of amounts, not necessarily by date, of major financial events by any given category as to projected receipts, payments, costs, etc.

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CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

REVALUATION RESERVE see ASSET REVALUATION RESERVE.

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