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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HEDGE, in securities, is a transaction that reduces the risk of an investment.

WITHOLDING, dependent upon application, is: a. income tax withheld from employees wages and paid directly to the government by the employer; or, b. a tax deducted from dividends on investments which are paid to foreign investors. This can be claimed back if there is a Double Taxation Agreement in place between the countries. See WITHHOLDING TAX.

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