WITHOLDING, dependent upon application, is: a. income tax withheld from employees wages and paid directly to the government by the employer; or, b. a tax deducted from dividends on investments which are paid to foreign investors. This can be claimed back if there is a Double Taxation Agreement in place between the countries. See WITHHOLDING TAX.
MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.
AS-IS CONDITION is the transfer of title to a property in an existing condition with no warranties or representations.
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