REGRESSIVE TAX Definition

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REGRESSIVE TAX is a tax system to where the more income that is realized the lower the tax rate becomes.

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TERM ENDOWMENT are endowments with time restrictions required by the donor such as a restriction that the income from the endowment may not be utilized until a future period or a specific date for condition is met.

INSERTION ORDER, in marketing, is an agreement that specifies aspects related to an advertising campaign.

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