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prudent accruals


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12:21 Sep 1, 2008
This question was closed without grading. Reason: No acceptable answer

English to Polish translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: prudent accruals
The Board of Directors may, in its sole discretion and on the advice of the Investment Manager, restrict distribution of profits in cash subject to foreign exchange regulations, prudent accruals and subject to the payment of all expenses and liabilities and the maintenance of reasonable reserves.
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