BACKCHARGE Definition

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BACKCHARGE is to charge a person or a firm an amount of money in order to make adjustments for a previous transaction.

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EQUITY RISK PREMIUM is a rate of return in addition to a risk-free rate to compensate for investing in equity instruments because they have a higher degree of probable risk than risk-free instruments (a component of the cost of equity capital or equity discount rate).

ENGINEERED COSTS are those costs having a clear linkage to output, e.g., direct materials costs.

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