Business, Legal & Accounting Glossary
To take or withdraw from; as, to abstract the funds of a bank. To remove or separate. To summarize or abridge.
An abstract comprises—or concentrates in itself—the essential qualities of a larger thing—or of several things—in a short, abbreviated form. It differs from a transcript, which is a verbatim copy of the thing itself and is more comprehensive.
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This glossary post was last updated: 8th October, 2021 | 0 Views.