GENERAL EXPENSE Definition

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GENERAL EXPENSE is expense not directly connected with any single department.

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JOINT ACCOUNT is a financial account owned by two or more persons who share equally in the rights and liabilities of the account.

COMPOUND ANNUAL GROWTH RATE (CAGR) is the year over year growth rate applied to an investment or other part of a companys activities over a multiple-year period. The formula for calculating CAGR is (Current Value/Base Value) ^ (1/# of years) - 1.

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