GARNISH Definition

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GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.

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INCREMENTAL COST OF CAPITAL is the weighted cost of the additional capital raised in a given period. Weighted cost of capital, also called composite cost of capital, is the weighted average of costs applicable to the issues of debt and classes of equity that compose the firm's capital structure. Also called marginal cost of capital.

STATUTORY is relating to or created by statutes.

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