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What type of information is error free?
Estimated Costs
Costs that are predicted or forecasted based on current information and experience, used for budgeting and planning purposes.
Installment Contract
A contract that requires payments to be made in regular intervals over a period in exchange for goods or services.
Net Realizable Value
The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.
Repossessed
The act of taking back an asset, typically used when a borrower fails to make payments on a secured loan.
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