UNDERSTATED Definition

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UNDERSTATED is to represent as less than is the case.

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INHERITANCE TAX is a tax charged on the passing of wealth from one person to another, either during life or at death.

VALUE ADDED VERTICAL INTEGRATION is controlling as much of the build stream, both upstream and downstream, in producing a product or service as possible while ensuring that every part of the stream provides added value. See also VALUE ADDED and VERTICAL INTEGRATION.

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