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Related Definitions
Voluntary Exchange Voluntary exchange is willingly trading goods, services, or resources between two or more parties without coercion or force.
Troy Ounce Troy Ounce is the unit of measurement on the Troy weighing scale. This is a valuable metal and stone weighting method that relies on the 12-ounce pound...
Bundle of Rights Bundle of Rights is the title of the collection of legal responsibilities and amenities that come with purchasing any property. These rights are area and demography...
Transfer of Death (TOD) Account Transfer-on-death (TOD) Account applies to designated beneficiaries who acquire properties without having to go through probate when the owner of the property dies...
Equity Fund Equity Fund is a type of investment portfolio that primarily trades equities. It can be handled actively or passively. Stock Funds are another name for it.
Account Summary Account Summary is a document that summarizes financial accounts for a specified period, which is often monthly, quarterly, annually or even other custom terms.
Compound Probability The possibility of two or additional incidents coinciding is referred to as Compound Probability. Independent occurrences happen when the result of one event...
Unintentional Tort Unintentional Torts are types of unintentional accidents that result in injury, property destruction, or loss of wealth. The person who caused the crash did so unintentionally...
Unqualified Opinion An Unqualified Opinion is an opinion that accountants provide after evaluating financial disclosures to ensure no significant misstatements. The reports are produced and presented...
Functional Obsolescence Functional Obsolescence refers to the decrease in an object's attractiveness and utility as a result of qualities that are recognized as old-fashioned and outdated at that point in time.