COMMUNITY CURRENCY
Paper scrip issued at the county, town, or community level to be used at local participating businesses. It aims to encourage spending business to help boost the firms’ sales. Local residents may exchange dollars for community currencies at any participating local bank branches, which is usually discounted to encourage their use. Business owners accepting community currencies has to create separate accounting methods to handle several taxation guidelines. But it is considered an acceptable tradeoff for increased business from local consumers.
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University of Miami School of Business Administration
The University of Miami School of Business Administration is a distinguished school of business in Miami. The school offers undergraduate, graduate ...
Hedge Accounting
An accounting method in which entries for the ownership of a security and the opposing hedge are treated as one. This method attempts to diminish t ...
Commercial Blanket Bond
Liability coverage employers acquired to shield themselves against losses due to dishonest employees. It gives blanket coverage for all an employer ...
Maximum Loan Amount
The maximum amount that an individual can borrow. The lender set the maximum loan amount based on various factors such as the selected loan program ...
Retention Tax
A tax levied to an investor’s income that is earned on investments in a country that is not the investor’s home residence or country. R ...
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