NON-TRADE DEBT Definition

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NON-TRADE DEBT is that debt where invoices are issued to individuals not suppliers (trade).

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CICA is Canadian Institute of Chartered Accountants.

MONEY MARKET CERTIFICATE is a security issued by com­mercial banks and savings and loan associations. Money market certificates pay a yield often based on the going Treasury bill rate. Interest rates on certificates normally remain fixed over their maturity and investors face an interest penalty for early withdrawal.

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