MARKET RISK Definition

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MARKET RISK is the risk of price fluctuations resulting from general market conditions such as changes in the level of interest rates.

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MEMORANDUM FOR RECORD (MR) is an in-house memo covering information that would otherwise not be recorded in writing.

CANCEL SUPPORTING DOCUMENTS is to mark supporting documents as having been used to support a transaction so the same documents can't be used to support another transaction. An example is stamping vouchers "paid.”

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