REVOLVING LOAN Definition

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

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OJT see ON-THE-JOB TRAINING.

TRANSFER JOURNAL ENTRY is used to allocate an expense or revenue from one account or sponsored project to another, or to transfer funds between object codes within an account or sponsored project. Transfers journal entries should include a description of the item(s) and explanation of why the transfer is necessary.

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