RESCIND Definition

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RESCIND is to revoke, cancel, or repeal a law, order, or agreement.

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VALUATION is the act or process of determining the value of a business, business ownership interest, security, or intangible asset.

ACCOUNT AGING usually refers to the methods of tracking past due accounts in accounts receivable based on the dates the charges were incurred. Account aging can also be used in accounts payable, to a lesser degree, to monitor payment history to suppliers. See also AGING OF ACCOUNTS.

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