COMPANY LIMITED BY SHARES Definition

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COMPANY LIMITED BY SHARES is where the members' personal liabilities are limited to the par value of their shares. a company limited by guarantee.

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FULL COST RECOVERY is adjusting fees/prices for goods/services to where all cost of operations and maintenance are covered for supplying the given goods or services.

PURCHASE MONEY MORTGAGE (PMM) is seller financing as a part of the purchase price.

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