Examlex
A legatee is a person who dies after having made a valid will.
Commissions Earned
Income received by salespersons, brokers, or agents based on sales or transactions completed.
Deferred Gross Profit
The portion of profit resulting from sales made on installment that is not recognized immediately but deferred to future periods.
Gross Profit
The difference between the revenue generated from sales and the cost of goods sold, indicating the basic profitability of a company's products or services.
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