STATUTORY LAW Definition

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STATUTORY LAW is law enacted by the legislative branch of government, as distinguished from case law or common law.

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LOADED LABOR RATE is the employee hourly rate plus employee benefits, capital expenses, and other overhead.

PAR VALUE is a. the maturity value or face value, i.e., the amount that an issuer agrees to pay at the maturity date; b. the official exchange rate between two countries currencies; or, c. the value of a security that is set by the company issuing it; unrelated to market value.

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