ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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INCOMPETENCE is lack of physical or intellectual ability or qualifications.
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SYNTHETIC LEASE is a transaction that appears, from an accounting standpoint, as a lease, but as a loan from a tax standpoint; resulting in an off-balance sheet account of the financing and the tax benefits that accompany the financed asset.
VAR is an acronym for Value-Added Reseller (usually of technology products) or, in finance, Value at Risk.