GLOBAL FUND Definition

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GLOBAL FUND is a (mutual) fund that can invest in companies located anywhere in the world, including the home country, e.g. the United States. Whereas, an International Fund is a (mutual) fund that can invest only outside the home country.

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ADVICE NOTE is a written piece of information e.g. about the shipping status of the goods.

PAYABLES TURNOVER is calculated: Payables Turnover = Purchases / Payables.

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