ANCILLARY Definition

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ANCILLARY relates to something extra or of lesser importance. For example, ancillary revenue would be revenue derived from the provisioning of products or services that are not considered to be primary to the generation of revenue.

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PERPETUAL is a fixed income security with no maturity date, such as a preferred stock with no sinking fund.

MONTHLY is: a. Once a month; every month; from month to month; or, b. Done, produced, or occurring once a month. 

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