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Scope Defines What Work Is or Is Not Included in a Project

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Scope defines what work is or is not included in a project.


Definitions:

Maturity Risk

The risk associated with the fixed income instrument reaching its maturity date, affecting the investment's interest rate and return.

Capital Leases

A capital lease is a lease classified as an asset purchase for accounting purposes, whereby lessee records the leased asset as if it was bought.

Financing Leases

Long-term lease agreements that are categorized as a means of financing the acquisition of assets.

Civil Society

A realm of organized social life that is voluntary, self-generating, self-supporting, autonomous from the state, and bound by a legal order or set of shared rules.

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