PRICE Definition

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PRICE is the property of having material worth. Price is usually indicated by the amount of money something would bring if or when sold.

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ELIMINATION is the the act of removing a mathematical quantity by combining equations. This is common practice in accounting when consolidating financial reports; one example would be inter-company transactions, currency translations, and account balances.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

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