MISCELLANEOUS INCOME Definition

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MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

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STOCK is a. a certificate documenting the shareholders ownership in a corporation; or, b. the merchandise that an entity has on hand or in inventory.

STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".

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