HORIZONTAL COMBINATION Definition

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HORIZONTAL COMBINATION is a business combination of companies with similar functions in the production or sale of comparable products.

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STATE UNEMPLOYMENT TAX ACT (SUTA), in the U.S., is the same as FUTA except from an individual U.S. state in compliance to federal guidelines. See also FEDERAL UNEMPLOYMENT TAX ACT.

OBLIGATE is to cause to be indebted or grateful. To de-obligate would be to enable the debt to be forgiven or expunged.

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