SOFT CLOSE Definition

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SOFT CLOSE, in accounting, is when journal entries may be allowed to periods previously considered closed with the confidence that you can create corrected financial statements and that balances brought forward are corrected; in securities, is when a fund will no longer accept new investors into the fund, however existing shareholders can continue to contribute.

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CUSTODY is possession.

GMROI is an acronym for Gross Margin Return On Investment (retail).

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