PARITY BIT Definition

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PARITY BIT is a redundant bit added to a string of bits to increase the accuracy of data transmission.

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INTERNALLY GENERATED refers to the creation of either tangible or intangible results within the confines of one entity, e.g. internally generated funds are those funds that are realized through the efforts or operations of the entity itself, i.e. the funds were not borrowed or realized through other external means.

CASH DEFICIT, in accounting, is a shortage of available funds to satisfy current obligations.

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