Examlex
An insurance policy that allows both the premium amount and the maturity of the life contract to be changed by the insured is called
Trade-In Allowance
The amount a seller allows a buyer for a fixed asset that is traded in for a similar asset.
Book Value
The net value of a company's assets and liabilities as recorded on the balance sheet, often compared to market value.
Fixed Asset
Long-term tangible property owned by a business, intended for use in the production of income and not quickly converted into cash.
Plant Asset
Long-term tangible assets used in the operations of a business that are not intended for sale.
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