GRANTEE Definition

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GRANTEE is the person or entity to whom property or assets are transferred.

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EXCHANGE RATE is the rate at which one currency can be traded for another.

COST-TO-COST METHOD, in construction contracts, is an estimate of completion in which the state of completion is the ratio of costs incurred as of a given date divided by the estimated total project cost. See also PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING.

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