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Groins trap sand on one side, but tend to increase erosion in down drift locations.
Book Value
The net value of an asset, calculated as the asset’s original cost minus depreciation, amortization, or impairment costs.
Fair Value
An estimate of the price at which an asset or liability could be bought or sold in a current transaction between willing parties.
Cash
Currency or coins that are used as a medium of exchange for transactions; also, readily available liquidity or assets.
Partnership Act
Legislation governing the operation of partnerships, detailing the rights and responsibilities of each partner.
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