INVOICE, CONSULAR Definition

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INVOICE, CONSULAR is an invoice stamped or endorsed by the consulate of the country requiring such.

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CREDITOR DAYS is the number of days it takes the company to pay trade creditors. This ratio provides an indication of the amount of credit given to the business by its suppliers. The formula is trade creditors divided by sales multiplied by 365 days.

PERCENTAGE DESIGN, in construction, is the percentage expended for design and construction management services in proportion to total construction.

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