CONSOLIDATED CAPITAL is the value of all money and other assets, on a consolidated basis, used directly in business operations.
NET OPERATING LOSS (NOL) is experienced by a business when business deductions exceed business income for the fiscal year. For income tax purposes, a net operating loss can be used to offset income in a prior year, or a taxpayer can elect to forego the carry back and carry the net operating loss forward.
COMPOUND INTEREST is interest calculated from the total of original principal plus accrued interest.
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