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A junction box for an underwater application shall be comprised of ____, brass, suitable plastic, or other approved corrosion-resistant material.
Present Rights
Rights that an individual or entity currently holds and can exercise immediately, as opposed to future rights.
Depreciation
The process by which a fixed asset's value decreases over time due to use, wear and tear, or obsolescence.
Defaulted
refers to the failure to meet the legal obligations of a loan, such as not making the agreed-upon payments.
Deficiency
A shortfall or lack, especially of something essential or required.
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