FEE SIMPLE is absolute ownership of real property; owner is entitled to the entire property. This includes unencumbered right of disposition during his/her life and upon death the real property passes to his/her heirs. Also known as FEE SIMPLE ABSOLUTE and FEE ABSOLUTE.
ACTUAL COST is the amount paid for an asset; not its retail value, market value or insurance value.
NTA can mean either Net Tangible Assets or Net Total Assets.
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