BURN RATE Definition

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BURN RATE is the rate at which a new company uses up its venture capital to finance overhead before generating positive cash flow from operations. It is the rate of negative cash flow, usually quoted as a monthly rate.

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KEOGH is a pension plan in the United States that allows a business to contribute a portion of profits into a tax-sheltered account.

INCORPORATED is a legal entity that has undergone incorporation through approval by a state government.

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