Business Terms and Jargon Explained

What is Forfeiture

This is when there is a loss for failure to perform. A penalty so to speak. This can be a right, money, property, privilege etc.

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Affiliate agreement GZIP Visible Trade
Profit Customs Duties Touch base
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Chargeable Income WCO Payee
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Term created / updated 2006-04-10 13:38:43

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