SKU

Last Updated: Jun 7, 2019

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Abbreviation for "Stock-Keeping Unit." A SKU is usually a distinct item for sale and helps encompasses attributes that distinguish it from other products sold. Technically, a SKU can mean unlimited things as it is specific to a company's product. For example, on an audit of the Borrower, examiners may count the number of "SKUs" the Company has on hand to make sure this number matches their most recent "Perpetual" inventory listed.