TRADING PROFIT Definition

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TRADING PROFIT is that profit earned from the short-term trading of securities that were held for less than one year. Such profit is usually subject to tax at regular income tax rates.

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DISCOUNTED EARNINGS determines the value of a business based upon the present value of projected future earnings, discounted by the required rate of return (capitalization rate). Usually, the question is how well earnings are projected.

PERTURBATION CONTROL is a restriction control to limit the access a particular user has to details in a database.  It introduces noise into the output (perturbs, or changes it) to shield the specifics of one record from the person who has only access to summary information.

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