RECHARGE Definition

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RECHARGE, in accounting, normally involves an activity that provides a specific, ongoing and repetitive good or service to an entity or projects and recovers the cost of providing the good or service from the entity served on a fee basis. Operating costs are supported by recharges to the departments or specific activity receiving the service.

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COLLATERAL NOTE is a note secured by collateral. Same as secured note.

DRAWINGS see PROPRIETORS DRAW.

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