RECEIPT Definition

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RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.

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TRADEMARK is a formally registered symbol identifying the manufacturer or distributor of a product.

REVOLVING CREDIT is a line of credit extended to customers who may use it as often as desired up to a certain dollar limit. Items purchased using this line of credit may be paid in full upon receipt of a monthly statement, or they may be paid for in several installments, for which an interest charge is added. Also known as REVOLVING LINE OF CREDIT.

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