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What does tick and tie mean?

Looking for the meaning or definition of the word tick and tie? Here's what it means.

Verb
  1. (accounting) To make sure that every item in a ledger or in an inventory is accounted for and properly connected to other items to which they are related.
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Examples
The leveling diagram can be used as a tick and tie list for the year 2000 team to ensure that no system or piece of hardware that should be fixed is overlooked.
Auditors do not necessarily tick and tie every single position held in a fund.

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