SUBLET Definition

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SUBLET, in real estate, refers to the leasing of space within a leased facility by the original lessee.

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REPLACEMENT VALUE CONCEPT, in insurance, is loss coverage for assets at the cost required to purchase like assets at market value. The replacement value concept eliminates the often troublesome factor of used or depreciated value when claims for losses are adjusted.

BANK STATEMENT is a statement reporting all transactions in the accounts held by the account holder.

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