CUSTODY Definition

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CUSTODY is possession.

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PRE-TAX INCOME/PROFIT see PROFIT BEFORE TAXES.

PROFIT AFTER TAX (PAT) is the net profit earned by the company after deducting all expenses like interest, depreciation and tax. PAT can be fully retained by a company to be used in the business. Dividends, if declared, are paid to the share holders from this residue.

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