TANGIBLE BOOK VALUE Definition

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TANGIBLE BOOK VALUE is different than book value in that it deducts from asset value intangible assets, which are assets that are not hard (e.g., goodwill, patents, capitalized start-up expenses and deferred financing costs).

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WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.

SYLI (SYLIS) is a currency of Guinea.

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