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Thursday, October 27, 2011

Vocabulary Week 8:

-Currency- money
   Sentence- The government needs more currency with all the doubt we’re in.

-Treasury Bond-  A bond with a fixed rate issued by the government.
  Sentence- The government gave the army many treasury bonds to help pay for the war.

-Accounts Receivable-money which is owed to a company by a customer for products and services provided on credit.
  Sentence-There were many customers who owed Wal-Mart money for keeping their items on lay-a-way.

-Accounts Payable- money which a company owes to vendors for products and services purchased on credits.
    Sentence- Since I kept taking paint from the body shop I had accounts payable for all the paint I used and kept taking.

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