Bilateral Netting Exists When Two Sister Subsidiaries Cancel Out Their

question 49

True/False

Bilateral netting exists when two sister subsidiaries cancel out their receivable and payables, but settle only the net payment.

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Definitions:

Simp

A slang term often used to criticize a person who is perceived as giving excessive attention to someone they have an interest in, typically in a way that is not reciprocated.

Conj

An abbreviation for "conjunction," which is a compound statement formed by combining two statements with the word "and."

Add

To combine or join something with another, resulting in a sum or total.

Sex-Linked

A characteristic, such as a genetic disorder, that is determined by genes located on the sex chromosomes, typically the X or Y chromosome.