INTERNALLY GENERATED Definition

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INTERNALLY GENERATED refers to the creation of either tangible or intangible results within the confines of one entity, e.g. internally generated funds are those funds that are realized through the efforts or operations of the entity itself, i.e. the funds were not borrowed or realized through other external means.

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ORGANIZATIONAL COSTS see ORGANIZATION COST.

INCORPORATION is a legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.

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