TRACEABLE Definition

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TRACEABLE, in accounting, is to discover by going backward over the transactions (evidence) step by step establishing a "paper-trail" for a transaction. Non-traceable is where the "paper-trail" of a transaction is broken or non-existent.

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COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.

RETROACTIVE is to affect and modify things past, e.g. a retroactive tax increase.

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