Au'-dit n. [Latin auditus, a hearing].

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1. Evaluation of one's financial statement inorder to determine whether any irregularities or inefficiencies exist that could impede the flow of cash from the customer to the merchant.

2. Careful examination of a merchant's method for processing credit and debit cards (MasterCard, VISA, American Express, Discover), to reveal systems or techniques which siphon cash flow into unnecessary fees that strengthen the bank and not the merchant.

3. Investigation of transaction costs that diminish a merchant's retail cash stream, in order to recommend alternative methods for handling customer needs while optimizing cash flow.

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