VERIFIABILITY Definition

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VERIFIABILITY is where the fact is capable of being tested (verified or falsified) by experiment or observation.

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DEFICIT BUDGET is where the estimates of expenses are greater than estimates of revenue.

DISCOUNT FOR THE LACK OF CONTROL is an amount or percentage deducted from the pro rata share of value of one hundred percent (100%) of an equity interest in a business to reflect the absence of some or all of the powers of control.

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