TWO PARTY CHECK Definition

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TWO PARTY CHECK is a check made out from one individual to another, i.e. only two entities are involved in the transaction.

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DISCLOSURE PRINCIPLE states that any and all information that affects the full understanding of a companys financial statements must be include with the financial statements. Some items may not affect the ledger accounts directly. These would be included in the form of accompanying notes. Examples of such items are outstanding lawsuits, tax disputes, and company takeovers.

ANR is Average Number of Runs or Average Not Ready (call centers).

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