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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LOT COSTING see BATCH COSTING.

10-Q is a report filed quarterly to the Securities and Exchange Commission (SEC) by most reporting companies. It includes unaudited financial statements and provides a continuing view of the companys financial position during the year. The report must be filed for each of the first three fiscal quarters of the companys fiscal year and is due within 45 days of the close of the quarter.

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