Examlex
The crime rate is expressed as the number of crimes per unit of population,in this case per 100,000.
Limited Liability
A legal structure that limits the amount of financial responsibility of the entity's owners to the amount they have invested.
Fair Market Value
The price at which a property would sell under normal conditions in an open and competitive market.
Book Value
The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from total assets.
Historical Cost
The actual cost of an asset at time of purchase.
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