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Active Retention |
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Active Retention The practice of setting aside funds to pay for losses if and when they occur. Active retention especially refers to funds put away for small losses. It saves the company the expense of buying an insurance policy to cover routine losses. It is a concept similar to, but distinct from, a company's allowance for bad debts. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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