LIQUIDATION SYSTEM
\lˌɪkwɪdˈe͡ɪʃən sˈɪstəm], \lˌɪkwɪdˈeɪʃən sˈɪstəm], \l_ˌɪ_k_w_ɪ_d_ˈeɪ_ʃ_ə_n s_ˈɪ_s_t_ə_m]\
Sort: Oldest first
-
A system that closes a file to item entry. The Automated Commercial System for Customs sets up a batch filing number as an index for retrieval and review. Custom's procedure requires one year record retention from the date of consumption or warehouse entry, then subsequent liquidation occurs.
By Henry Campbell Black
Word of the day
Mustagh Range
- a mountain range in northern Kashmir; an extension of the Hindu Kush; contains 2nd highest peak