Business Terms and Jargon Explained

What is Multicurrency

This is where more than one currency is used or a figure is expressed in a number of currencies.

e.g price 50 or $75

A company that uses and trades in different countries will use a different currency in each country. Their internal accounts will be in multicurrency and translated into one currency for reporting purposes.

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Cookie Refer to drawer Associated companies
Carat Jitney TOMS
Shares Intellectual property Surge Protector
Comparative Advantage Ancillary relief Pilot Operation
Age Relief Troy pound Merchant Bank
Domicile of choice Conditional Sale Shekel
adeem B2B Buy-out
File Permissions N336 Civil Court form Tax Avoidance
Accounting Rate of Return Domain name sales agreement Bank Transfer
Self-Billing Bail Cloud computing
Corporations Lobbyist Annual bonus
Resource Allocation Aftershocks Labour
Quartile Backup Counsel

Term created / updated 2006-08-31 17:17:51

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