CONSTRUCTION IN PROGRESS Definition

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CONSTRUCTION IN PROGRESS is capital assets under construction or development that have not yet been placed into service, such as a building or parking lot. Capital assets are not subject to depreciation while in a construction in progress status.

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AGENCY is the relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactions.

VOLATILITY, in securities, is the measurement of the change in price over a given time period. It is often expressed as a percentage and computed as the annualized standard deviation of percentage change in daily price.

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