Confidential Information

Redact
Redacting involves preparing documents for publication or presentation by correcting, revising, or adapting the content. In contemporary usage, redaction often refers to obscuring private, confidential, or sensitive information in a document, such as a public record, to ensure it cannot be read. This process can be particularly challenging with electronic files.
Trade Secret
A trade secret is any formula, pattern, machine, or process of manufacturing used in a business that may provide a competitive advantage; it includes plans, processes, tools, mechanisms, or compounds known only to its owner and necessary employees.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.