Outrageously Funny Search Suggestion Engine :: Incumbered

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What is the definition of Incumbered? 🙋

👉 In accounting, an "incumbered" account is one for which there is no current balance. This means that the account has not been paid off or received any payments from its previous owner or creditors. A company may have several such accounts, each with a different balance, but they are all considered to be "incumbent," meaning they are due and owing by their respective owners or creditors.


incumbered

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