The Time It Will Take to Recoup, in the Form

question 27

Short Answer

The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project

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Definitions:

Breach of Contract

The failure to fulfill the terms of a contract without lawful excuse.

Verbal Agreement

A contract or agreement made through spoken words, which can be legally binding, although harder to prove than written ones.

Void

Refers to something that is legally declared to be invalid or null.

Condition Subsequent

A condition that alters the rights or duties of the parties to a contract, or that may have the effect of terminating the contract if it should occur.