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Term: Accounting -> Blanket Order
Term:

Blanket Order

Definition:

A purchase agreement in which the purchaser contracts with a vendor to provide item(s), and/or service(s), on an "as required" and frequent basis. Such agreements have a limit on the period of time for which they are valid, and the amount of money that can be spent in that time.

Related terms:

Days Sales Outstanding

Budgetary Savings

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