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Water Rites LLC enters into a contract to site and dig a well for Rancho Verde. Water Rites completely performs. Rancho Verde is entitled to
Lump Sum
A single payment made at one time, as opposed to a series of payments made over time.
Educational Savings Plan
A savings account specifically designed for funding future education expenses, often offering tax advantages or other incentives.
Simple Interest
A method of calculating interest where the interest charge is based only on the principal amount, not on previously earned interest.
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