ACTUAL COST Definition

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ACTUAL COST is the amount paid for an asset; not its retail value, market value or insurance value.

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PERTURBATION CONTROL is a restriction control to limit the access a particular user has to details in a database.  It introduces noise into the output (perturbs, or changes it) to shield the specifics of one record from the person who has only access to summary information.

SECURED LIABILITY is a liability that has a degree of protection towards satisfaction if unpaid because the debtor has pledged personal/company assets towards satisfaction of that liability; e.g., a property mortgage is a secured liability because the mortgage holder has a guarantee through a lien on the property.

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