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How Are Territories and Ranges Different? What Is the Purpose

question 17

Short Answer

How are territories and ranges different? What is the purpose of distinguishing between the two when neither territory nor range can be exactly quantified?


Definitions:

Restricted

Refers to funds or assets that are earmarked for specific purposes and cannot be used for general expenditures.

Nonspendable

Funds not available for spending because they are legally or contractually required to remain intact.

Committed

In finance, "committed" refers to a pledge or firm agreement to execute a financial transaction or investment.

Assigned

Allocated or designated to a particular task, position, or purpose.

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