Cleared for Payment

Definition:

Invoices processed through purchasing/accounts payable system are cleared for payment and sent to Payables and Accounting Operations for check processing.

Related terms:

Capial infusion

Clutter

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Adjusted Cost

Computes the average cost base (or cost per share) for a series of stock or mutual fund purchases.

Refinance

Figure your principal and interest payments, how much you would save each month

Holiday spending

Plan your savings for next holiday season, use receipts to figure out how much you spent last year

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Term: Purchasing -> Cleared for Payment