LAND Definition

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LAND, in terms of accounting, is the value of real estate less the value of improvements, e.g. buildings.

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CALLABLE BOND is a bond the issuer has the right to pay off at issuers discretion.

PURCHASING POWER is the value of a particular monetary unit in terms of the amount of goods or services that can be purchased with it, i,e, the ability to purchase, generally measured by income.

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