ORIGINAL EQUIPMENT MANUFACTURER Definition

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ORIGINAL EQUIPMENT MANUFACTURER (OEM) is a company that builds components or systems that are used in systems or products sold by another company using the purchasing companys brand. Sometimes referred to as "private label."

Learn new Accounting Terms

CHECK is a draft drawn against a bank, payable upon demand to the person/entity named upon the draft.

MUNICIPAL BOND is the general category of securities issued by public entities. Interest income received by investors is usually exempt from federal income taxes.

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