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Parallel testing can be used in combination with pilot testing to test new systems.
Fair Value
An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
Consolidated Net Income
The total earnings of a corporation and its subsidiaries after tax, representing the total profit attributable to the parent company and its shareholders.
Acquisition
The process by which one company takes over another company, either by purchasing it or merging with it.
Amortization
The process of gradually writing off the initial cost of an asset over a period.
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