CHURN RATE Definition

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CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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PLEDGE BOND see PLEDGED REVENUES.

INVENTORY OBSOLESCENCE is when inventory is no longer salable. Possibly due to too much inventory on hand, out of fashion or demand. The true value of the inventory is seldom exactly what is shown on the balance sheet. Often, there is unrecognized obsolescence.

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