PURCHASE AGREEMENT Definition

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PURCHASE AGREEMENT is a contract stating the terms of a purchase.

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DUN is when you importune (beg or are insistent upon) a debtor for payment: a dunning letter.

MATRIX ORGANIZATION is where a company superimposes a group or interdisciplinary team of project specialists on a functional organizational design. In a matrix organization the members have dual allegiances, i.e., to that particular assignment or project as well as their normal organizational department.

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