INDEX OF LEADING ECONOMIC INDICATORS Definition

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INDEX OF LEADING ECONOMIC INDICATORS is compiled by the U.S. Commerce Department and is a composite of 12 economic measurements.

Learn new Accounting Terms

ACCOUNTING INCOME is the income derived through historical accrual based accounting. Income = the change in net assets occurring during the period excluding transactions with owners; i.e. transaction based.

BENEFICIAL OWNER is the person who enjoys the benefits of ownership even though title is in another name (often used in risk arbitrage).

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