NOMINAL CAPITAL Definition

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NOMINAL CAPITAL is total face value of authorized issuable capital.

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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.

MAJORITY CONTROL is the degree of control provided by a majority position.

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