INITIATE Definition

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INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.

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PAYMENT TERMS is the legal or contractual stipulation by a business as to when payment is to be made for goods or services supplied, e.g. cash with order, payment on delivery, or within a particular number of days of the invoice date.

FORM 1120 is the income tax return form used by corporations in the U.S.

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