MEAN Definition

MEAN is the measure of central tendency; also called the average. It is calculated by the sum of the data points divided by the number of data points.

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FREEHOLD is a. an interest in land the duration of which is restricted to the life or lives of a particular person or persons holding it, or b. an interest in property that is unconditional and represents the broadest ownership interest recognized by law.

LIP ACCOUNT see LOAN-IN-PROCESS ACCOUNT.

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