AGENCY COSTS Definition

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AGENCY COSTS is the incremental costs of having an Agent make decisions for a principal.

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TANGIBLE BOOK VALUE is different than book value in that it deducts from asset value intangible assets, which are assets that are not hard (e.g., goodwill, patents, capitalized start-up expenses and deferred financing costs).

RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.

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