InvestorQ : what do you mean by archive?
akash raita made post

what do you mean by archive?

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Tanya Mehta answered.
11 months ago
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In financial terms, archiving is to reduce the number of transactions by using them in similar records. In some cases, financial changes cannot be archived once changed - like ledger information for a Demat account.

For e.g: Brokers, credit unions, commercial & retail banks, etc - archive a lot of financial data.

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