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absorption

Definition 1

Accounting: Integration of an account (called absorption account) into related accounts in preparation of a financial statement.

Definition 2

Economics: Total expenditure by a country's households, businesses, and government on goods and services. Current account deficit (or surplus) occurs when a country's GDP exceeds (or falls below) its absorption level.

Definition 3

Management: Integration of change and innovation into an organization's culture and operations.

Definition 4

Materials: Process by which a fluid (gas or liquid) is captured and taken in by a solid or liquid material. See also adsorption.

Definition 5

Securities: Sale of an entire issue of securities by its underwriters. See also assimilation.

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