Examlex
A value-added tax is a tax on increased value of a product at each stage of production and distribution rather than just at the point of sale.
Distinguish
To recognize or treat as different in some respect due to distinct characteristics or features.
Negotiable
Capable of being bargained or discussed to reach a mutual agreement, often used in the context of contracts, terms, or financial instruments.
Omitted
Left out or not included, either purposefully or accidentally.
Secured
Pertaining to loans or debt that is backed by collateral, providing the lender with a claim to certain assets if the borrower defaults.
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