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Debt Extinguishment
The gradual repayment of a loan through scheduled payments or the systematic reduction of an intangible asset’s value over time.
Acceleration Clause
A provision in a loan or contract that enables early repayment upon breach of terms or financial distress.
Contract Award
The act of an entity confirming the conclusion of a contract with a specified third party after completing the tendering procedures, for the provision of services, execution of a project, or supply of the required goods.
Contract Expiry Date
The date of termination of the contractual engagement between the government entity and the other party according to the conditions and regulations mentioned in the contract.
Service Recovery
The process of handling and resolving beneficiaries' complaints or problems to restore their satisfaction.
Double Taxation Agreement
An international agreement with the purposes of avoiding double taxation and charging a taxpayer with double taxation in two contracting countries for the same income, profits, or evasion of income, and capital tax.
Sale Agency Agreement
A legal contract between a seller and an agency or representative, outlining the terms and conditions for the sale of products or services.
Technical Procedures
The mechanisms relevant to listing and trading securities to execute transactions including settlement, clearing, ownership registration, transfer and deposit of securities.
Fraud
The act of deceiving or manipulating information, assets, or processes with the intent to gain an unfair advantage, often resulting in financial losses or legal consequences.
Kyoto Convention (Customs)
The expression commonly used to denote the International Convention on the Simplification and Harmonization of Customs Procedures, adopted by the Customs Cooperation Council in Kyoto in 1973.
Customs Formalities
All the operations which must be carried out by the persons concerned and by the Customs in order to comply with the Customs law.
Business Procedures
Standardized processes that organizations follow to ensure efficiency, consistency, and compliance.
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