PROCESSING CONTROL Definition

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PROCESSING CONTROL, in accounting, is an internal control included in computer software designed to assure that all transactions are handled as authorized and none omitted or added.

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ARBITRAGEUR is traditionally someone who indulges in arbitrage of any sort; now a Wall Street term for a professional investor who specializes in issues during takeovers.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

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