accountability

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TERM OF THE DAY accountability The obligation of an individual or organization to account for its activities, acceptresponsibility for them, and to disclose the results in a transparent manner. It also includes the responsibility for money or other entrusted property. Learn more about this term Usage Example The financial planner promised me that she built her reputation onaccountability and that I could trust how she invested my money.

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FEATURED ARTICLE How to Obtain Government Grants for Small Businesses For most small business owners, the traditional avenues of financing include venture capitalists, angel investors, friends and family, and bank loans. One...