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A Prescriptive Easement, Once Created, Lasts Only 20 Years

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A prescriptive easement, once created, lasts only 20 years.


Definitions:

Debt-To-Equity Ratio

An indicator of how a company's assets are financed, comparing the use of debt to shareholders' equity.

Total Liabilities

The sum of all financial obligations a company owes to outside parties.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company's total resources.

Cash Proceeds

Cash proceeds refer to the amount of money received from a transaction, such as the sale of an asset or product, after deducting any selling costs.

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