MASTER BUDGET formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statements. However, dependent upon the individual or geographic location, is variously contains the cash budget only; or the income statement and the balance sheet combined; or the income statement and the balance sheet and the cash budget combined.
ASSESSED VALUE is the estimated value of property used for tax purposes.
VOLATILITY RISK is the risk that a specific security price will increase or decrease by greater increments than the general market.
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