REVENUE RECOGNITION Definition

REVENUE RECOGNITION is the process of recording revenue, under one of the various acceptable methods, in the accounting period. In each period of revenue recognition, all related expenses should be matched to revenue. The most common method of recognizing revenue is at the time of sale or provisioning of service.

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FREDDIE MAC see FEDERAL HOME LOAN MORTGAGE ASSOCIATION.

STREET NAME, in securities, is securities held in the name of brokers, banks or their nominees, instead of in the customer's name.

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