Examlex
The terms "nuisance" and "trespass to property" refer to the same tort.
Amortization
The gradual reduction of a debt over a period of time through regular payments that cover both principal and interest.
Net Book Value
The total value of a company's assets minus its liabilities and intangible assets, indicating the net worth of the company's tangible assets.
Consolidated Net Income
The combined net income of a parent company and its subsidiaries, factoring in the effects of intercompany transactions.
Equity Method
An accounting technique used for recording investments in associate companies where the investment is initially recorded at cost and subsequently adjusted for the investor’s share of the net profits or losses of the investee.
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