GROSS INCOME Definition

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GROSS INCOME see GROSS PROFIT.

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NOMINAL RETURN is an investment return that does not take into account the effects of inflation on the investment or return.

SYNTHETIC LEASE is a transaction that appears, from an accounting standpoint, as a lease, but as a loan from a tax standpoint; resulting in an off-balance sheet account of the financing and the tax benefits that accompany the financed asset.

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