PRICE EARNING RATIO Definition

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PRICE EARNING RATIO see PRICE EARNINGS MULTIPLE.

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SOLE PROPRIETOR is an individual who owns a business as opposed to stock in a corporation. A sole proprietor pays no corporate income tax but has unlimited liability for his/her business debts and obligations. See SOLE PROPRIERTORSHIP.

INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.

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