LIVING ASSETS Definition

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LIVING ASSETS are employees. Also referred to as "live assets," "human capital," "resources" and "carbon units."

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ESTATE TAXES are the Federal taxes levied on the transfer of property from the deceased to his or her heirs, legatees or devisees.

DEFERRED DEVELOPMENT COSTS is the non-recognition of costs of development until such until some condition(s) is satisfied.

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