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Outsourcing

• The practice of purchasing a significant percentage of intermediate components from outside suppliers.

 
 Referenced Terms
 Correspondent: Is a financial institution which performs activities or services for another financial institution. Sometimes, this arrangement occurs because of a lack of physical presence in a particular geographic area. Other times it may be due to an Outsourcing or need for specialized services such as clearance and physical transfers of securities.

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The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind. - James Truslow Adams

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