RUNNING TOTAL Definition

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RUNNING TOTAL is the sum of any given set of numbers that is incremented/decremented as additional numbers become available over time. For example, a retail store makes sales throughout a time period; the running total is the sum of their sales, including returns/credits, at any given point of time during that time period: day, week, month, quarter, and year.

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UNDERWRITING is to protect by insurance or to guarantee the financial support of the subject item.

GILT is a bond issued by the UK government. Gilts are equivalent to a U.S. Treasury security.

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