DISCONTINUED OPERATIONS Definition

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DISCONTINUED OPERATIONS is the sale, disposal, or planned sale in the near future of a business segment (product line or class of customer).

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DEFEASANCE CLAUSE is the clause in a mortgage that permits the mortgagor to redeem his or her property upon the payment of the obligations to the mortgagee.

RISK-FREE RATE is the rate of return available in the market on an investment free of default risk.

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