NETTING Definition

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NETTING can be the settling of mutual obligations at the net value of a contract as opposed to its gross dollar value; or, the reduction of transfers of funds between subsidiaries or separate companies to a net amount.

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SALES BUDGET is the expected sales in units and dollars. See OPERATING BUDGET.

GNMA MIDGETS are GNMA bonds secured by mortgages with a stated maturity of 15 years.

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