BALANCE Definition

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BALANCE is: a. equality between the totals of the credit and debit sides of an account; or, b. the difference between the totals of the credit and debit sides of an account.

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LESSEE is the party to whom the possession of specified property has been conveyed for a period of time in return for rental payments.

CAPITALIZATION FACTOR is any multiple or divisor used to convert anticipated benefits into value.

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