SPENDING LEVEL Definition

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SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.

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CAPITAL ACCOUNT, in finance, is an account of the net value of a business at a specified date; in economics, it is that part of the balance of payments recording a nations outflow and inflow of financial securities.

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

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