VOLUME Definition

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VOLUME is the amount of trading activity, expressed in shares or dollars, experienced by a single security or the entire market within a specified period.

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INHERENT LIMITATION is whether the potential effectiveness of an entity's internal control is subject to inherent limitations, e.g., human fallibility, collusion, and management override.

DISCOUNT ALLOWED, normally, is a reduction of the invoice amount for early payment of the invoice value.

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