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accounting error :
Quantitative error caus... Quantitative error caused by negligence or misapplication of accounting policies and/or the provisions of GAAP; any accounting mistake except fraud.

Application for reinstatement:
This refers to an even... This refers to an event when a policy has lapsed or terminated by the policy owner owing to a non-payment or late payment of a premium. The company will consider a reinstatement of the contract in the event of an application being made as prescribed by the company in terms of the outstanding premium, interest or administration fees (if any) and evidence of good health. The reinstatement and terms are at the discretion of the company.

Acquisition, Development, and Construction (ADC) loan :
A loan which allows the... A loan which allows the borrower to purchase real property, put in the necessary infrastructure (streets, lighting, utilities), and then build stores or other buildings. In order to obtain an ADC loan, a developer must first find tenants willing to lease the space that will be available, such as stores. The developer must then secure takeout commitment. The developer can seek an ADC loan after these steps are completed. Acquisition, Development, and Construction loans are often used by developers of large properties, such as strip malls or shopping centers. See also acquisition loan, construction loan.

accounts receivable (A/R) :
Sales made but not paid... Sales made but not paid-for by the customers (trade debtors). Accounts receivables are shown as current (short-term) assets in a balance sheet and are, in fact, unsecured promises by customers to pay in the future. These sums are a key factor in determining a firm's liquidity and may be discounted—used in raising a short-term bank loan, or sold to a factor. A provision is usually made in the accounts of a firm to offset uncollectible accounts receivable (bad debts) as losses.

 

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