PUBLIC OWNERSHIP Definition

PUBLIC OWNERSHIP is either: a. Government ownership and operation of a productive facility for the purposes of providing some goods or services to citizens; or, b. in investments, portion of a corporations stock that is publicly traded and owned in the open market.

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UNSECURED is obligation backed not by collateral but only by the integrity of the borrower. Opposite of secured.

3-WAY MATCHING is the comparison of relevant voucher, purchase order, and receiver.

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