ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ECONOMIC LIFE Definition
ECONOMIC LIFE is the time period over which an asset(s) may generate economic benefits.
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DEVOLVE is to pass on or delegate to another, e.g. a devolved letter of credit.
MONEY MARKET is a sector of the capital market where short-term obligations such as Treasury bills, commercial paper and bankers acceptances are bought and sold.