CPR Definition

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CPR is Constant Payment Rate, used to estimate the average life of mortgage-backed securities based on historical payments.

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VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.

CONTROLLER is usually an experienced accountant who directs internal accounting processes and procedures, including cost accounting.

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