MONETARY ASSETS Definition

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MONETARY ASSETS are measured at their collectible amounts, while nonmonetary assets are measured at historical costs.

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GAAP is Generally Accepted Accounting Principles or Generally Accepted Accounting Procedures (less common).

TRIPLE NET (NNN) is a lease that includes on top of the basic rent, a share of the real property taxes, insurance, and maintenance. "Triple-net-leases are standard in commercial property leases in shopping centers and malls. Usually done under a limited partnership, resulting in lower risk for investors.

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