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Investments glossary

Accountability

Accountability is when an individual or department is held responsible for the performance of a specific function. Essentially, they are liable for the correct execution of a particular task, even if they may not be the one performing the task. Other parties rely on the task to be completed, and the accountable party is the party whose head will roll if the action is not carried out. Accountability is common in the financial arena and in the business world as a whole.

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