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Who wrote the Leviathan?
Mark-To-Market
An accounting method where the value of assets and liabilities is adjusted to their current market values rather than being recorded at their original cost.
Tax Year
A 12-month period used for tax purposes, determining the timeframe over which income, deductions, and tax payments are calculated and reported.
Realize
To convert assets into cash or to acknowledge revenue or a profit in accounts.
Gains And Losses
The increase or decrease in an investment's value, respectively, often realized upon selling or valuing the investment at market price.
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