REVOLVING LOAN Definition

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REVOLVING LOAN is a loan that is automatically renewed upon maturity.

Learn new Accounting Terms

CASHIERS CHECK; also known as a bank check, official check, tellers check, bank draft or treasurers check; is a check guaranteed by a bank. They are normally treated as cash because most banks clear them instantly.

OPENING BALANCE is the balance of an account at the start of an accounting period.

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