ABACUS
1. A tool used for calculation by means of sliding counters along grooves or rods, for mathematical purposes. In addition to its basic features of subtraction, addition, division and multiplication, the abacus can also perform calculations of roots up to the cubic degree.
2. University of Sydney's semi-annual accounting journal which they publish and edit. It was published in 1969 which covers all areas of accounting.
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Hedge Clause
A disclaimer found in financial documents that protects authors of financial reports from liability for errors within the report.
8-a Firm
Company owned and operated by individual that is socially or economically disadvantaged. Such firms are qualified for financial assistance, mentori ...
Credit Cliff
Slang term for compounding a firm’s credit deterioration due to provisions such as financial covenants, or events that ignites a change in it ...
Default Judgment
A binding judgment issued by a court in favor of the plaintiff when the defendant fails to respond to a court summons or fails to appear in court. ...
Upstream Guarantee
Upstream Guarantee is a contingent liability on a the financial statements of a subsidiary. In this contingent liability, the subsidiary guarantees ...
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