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English definition of “FRS”

FRS

noun     /ˌefɑːˈes/ US   /-ɑːr-/
[C] ACCOUNTING abbreviation for Financial Reporting Standard: one of the rules on how companies should give financial information about their activities: The company provided a statement of total recognised gains and losses, as required by FRS 3.
BANKING, FINANCE, GOVERNMENT abbreviation for the Federal Reserve System
(Definition of FRS noun from the Cambridge Business English Dictionary © Cambridge University Press)
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