OPERATING TRANSFER Definition

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OPERATING TRANSFER specifically identifies the transfer of resources from one fund/account to another made to support the normal level of operations of the receiving fund/account.

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CREDIT, in accounting, is an accounting entry system that either decreases assets or increases liabilities; in general, it is an arrangement for deferred payment for goods and services.

MARINE INSURANCE is insurance coverage protecting against loss or damage of goods transported by sea.

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