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World English Dictionary
Dictionnaire Français
payments netting
pay·ments net·ting
noun
Definition:
reducing of transfers to net amount:
the consolidation of amounts owed to and by an organization to a single payment or receipt at the end of a period. Reducing the number of transactions reduces costs.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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