Examlex
No reference to a "permanent" position or a specified period of employment should be included
in an offer letter.
Operating Costs
Expenses associated with the day-to-day functions of a business, excluding costs related to production.
Annual Cost Savings
The reduction in costs achieved during a year due to various savings measures or efficiencies.
Discount Factor
A multiplier used in discounted cash flow (DCF) analyses to determine the present value of future cash flows, reflecting the time value of money.
Proposed Project
An outlined plan or proposal for undertaking a specific activity or achieving a goal that requires approval or funding.
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