Outrageously Funny Word Dictionary :: Oversettling

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What is the definition of oversettling? 🙋

👉 Oversettling, also known as overpayment or underpayment, is a legal concept in accounting where an entity owes money to another party but has not received it. When this situation occurs, the entity that owed money should return the debt to the other party and pay interest on any outstanding balance. This can be done by making payments, withholding taxes, or seeking additional sources of income. In most jurisdictions, oversettling is considered a breach of contract and may result in legal action from the


oversettling

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