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Accrued
Expenses or revenues that have been incurred but not yet recorded in the company's accounts during the accounting period.
Pro-Rated Basis
The allocation of amounts or costs in proportion to some factor, such as time or usage.
Special Purpose Government
A form of government created for a specific, targeted purpose or project, often with a narrow scope of responsibilities compared to general-purpose local governments.
Legally Independent
A condition where an organization or individual functions autonomously, having distinct legal rights and obligations, without being controlled by or accountable to another entity.
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