UNAPPLIED FUNDS Definition

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UNAPPLIED FUNDS is available money credited to a temporary holding (suspense) account, pending determination or instruction on the breakdown of how the money is to be allocated.

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CREATIVE ACCOUNTING is slang for the concept of maintaining accounts giving possibly illegal or dubious benefits to the entity for which the accounts are maintained.

LUMP-SUM is an agreed upon sum of money, which is paid in full settlement all at one time.

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