ACCRUED VACATION Definition

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ACCRUED VACATION see ACCRUED LIABILITY.

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GOING CONCERN VALUE is the value of a business enterprise that is expected to continue to operate into the future. The intangible elements of Going Concern Value result from factors such as having a trained work force, an operational plant, and the necessary licenses, systems, and procedures in place.

PURCHASE MONEY AGREEMENT is an agreement under which a person pledges the property or item bought as security.

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