USEFUL LIFE Definition

USEFUL LIFE is the expected period of time, in years, during which a depreciating asset will be productive.

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REVOCABLE LETTER OF CREDIT is a letter of credit which can be cancelled or altered by the drawee (buyer) after it has been issued by the drawees bank.

BRADY BONDS were issued by the Mexican government as part of its 1990 debt restructuring. Named after James Brady.

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