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Office of Financial Research

Definition:

The office created within the Department of Treasury to manage data in an evolving financial industry. Under Dodd-Frank Wall Street Reform and Consumer Protection Act, the office will set standards for financial reporting and improve the quality of data that supervisors and other market participants use to manage risk.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

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Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made.

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