MATCHING Definition

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MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.

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REFINANCE is to to renew or reorganize the financing of an asset, e.g. obtaining a new mortgage loan on a property already owned. Often to replace existing loans on the property.

BASE AMOUNT is the fundamental numerical assumption from which something is begun or developed or calculated or explained, e.g. base pay.

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