PHANTOM PROFIT Definition

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PHANTOM PROFIT is hypothetical profit, i.e., no cash flow is generated. Appreciation on any asset, e.g. stock, is considered phantom profit unless or until the asset is sold, thereby generating cash flow.

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ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.

INTERESTED PARTY is any person that has a real and direct interest in any proceeding or action being proposed or taken.

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