Z-BOND see ACCRUAL BOND.
INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.
EXTERNAL AUDITOR is an auditor, usually working for an audit firm, that is completely independent of the company it is auditing. External auditors should always be certified by a professional association of accountants, and should be selected by, and report to, the corporation's board of directors.
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