SBIC Definition

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SBIC is Small Business Investment Company.

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KAIZEN BUDGETING is a budgeting approach that projects costs on the basis of future improvements, rather than current practices and methods. The key point is that the budget cannot be achieved unless improvements are made.

INVESTMENT TRUST is a company that invests a fixed amount of money in a variety of stocks and shares as a way of spreading risk. Investment trusts have fixed capital, unlike unit trusts, which can create or redeem units in response to demand.

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