ECONOMIC LIFE Definition

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ECONOMIC LIFE is the time period over which an asset(s) may generate economic benefits.

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SHARE is one unit of ownership interest in a company, mutual fund, limited partnership, etc.

INVESTMENT is the purchase of real property, stocks, bonds, collectible annuities, mutual fund shares, etc, with the expectation of realizing income or capital gain, or both, in the future. Investment is longer term and usually less risky than speculation.

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