NONRECURRING Definition

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NONRECURRING is an income statement item that is infrequent in occurrence or unusual in nature.

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DRAWDOWN is the magnitude of a decline in account value, either in percentage or currency terms.

INVOICE, COMMERCIAL is a legal document that functions internationally as a bill of sale. It usually contains the exporting company, contents of the shipment, amount charged, name of carrying vessel, order number and payment terms.

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