ARAD stands for "Authorized Request for Advance Disbursement." It is a financial term used in procurement and purchasing processes to indicate an official request for advance payment before receiving goods or services. This term is often employed in contracts and agreements to ensure that suppliers or contractors receive funds upfront, facilitating smoother transactions and project execution.
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The mean, or the average.
That's the definition of the "mean" or "average" of that group of terms.
The arithmetic mean.
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