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What does a funnel sequence entail?
Investment Account
An account holding securities, cash, and other assets managed by an investment dealer or manager for the benefit of the investor.
Variable Interests
Interests in an entity that change based on changes in the entity's net asset value, income, or cash flows.
Lease Residual Value
The estimated value of a leased asset at the end of the lease term.
Loss on Sale
Occurs when the sale price of an asset is less than its carrying amount on the books.
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