OPEN-BOOK CREDIT Definition

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OPEN-BOOK CREDIT is a form of trade credit in which sellers ship merchandise on faith that payment will be forthcoming.

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ENTERPRISE RESOURCE PLANNING (ERP) is an information system or process that integrates all operational data and related applications for an entire enterprise. ERP systems permit organizations to manage resources across the enterprise.

YEN is the currency of Japan. Its subdivisions are 100 sen and 1000 rin.

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