RECURRING ENTRY Definition

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RECURRING ENTRY is a scheduled accounting entry that occurs consistently as to date and amount, e.g. a monthly lease payment.

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ACCOUNT CURRENT is a running or continued account between two or more parties, or a statement of the particulars of such an account.

MONETARY COMPENSATORY AMOUNTS (MCA), in the European Community, is a complex system of subsidies and levies with the intent of smoothing currency-related distortions in EC cross border farm trade.

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