BVI Definition

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BVI is an acronym for British Virgin Islands (a major offshore banking and corporation player).

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AVOIDABLE COST is the amount of expense that would not occur if a particular decision were to be implemented (e.g., if an employee is laid off at a company that is self-insured for unemployment compensation, the avoidable cost is total direct salary less payments for unemployment benefits plus savings in employee benefits).

ADMITTED VALUE see ADMITTED ASSETS.

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