ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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EQUIPMENT LOAN Definition
EQUIPMENT LOAN is a loan used for the purchase of capital equipment.
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ECONOMIC LIFE is the time period over which an asset(s) may generate economic benefits.
COST OVERRUN is the amount by which an entity exceeds or expects to exceed the estimated cost to completion of: a. a product; b. a process; or, c. the final limitations of costs stipulated in a contract.