FIXED BOND Definition

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FIXED BOND pays an income stream and redemption payment at maturity that is fixed in monetary terms; however, high inflation will erode the real value of these payments.

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RETURNS INWARDS are goods sold on credit to a customer and returned for some reason to be refunded for (Sales returns).

WORK SHEET is a document or schedule in which an accountant or auditor gathers information to substantiate an opinion concerning an account balance or test of transaction.

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