SUPPLIER FINANCING Definition

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SUPPLIER FINANCING is where the trade assists in meeting credit needs of a customer, e.g. a trade credit line may be negotiated to where a supplier may give 90 to 120 days to pay for the goods plus an interest charge.

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PERCENTAGE DESIGN, in construction, is the percentage expended for design and construction management services in proportion to total construction.

STABLE MONETARY UNIT CONCEPT allows accountants to ignore the effect of inflation in the accounting records.

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