REFERENDUM Definition

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REFERENDUM is when a legislative act is referred for final approval to a popular vote by the electorate, e.g., a bond referendum.

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ACCOUNTING DIVERSITY is the recognition that many diverse national and international accounting standards exist in the world.

ANNUITY, in finance, is a series of fixed payments, usually over a fixed number of years; or for the lifetime of a person, in which case it would be called a life-contingent annuity or simply life annuity.

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