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The term “abatement” generally refers to the reduction or elimination of a tax liability. An abatement may be granted by a government entity for a variety of reasons, such as to encourage investment in a certain area or to alleviate financial hardship. Abatements may be temporary or permanent, and they may apply to all taxpayers … Read more
When looking at the meaning of principal in finance, it is important to first understand what fixed income securities are. Fixed income securities are debt instruments that provide a stream of payments that are fixed in amount and schedule. Common examples of fixed income securities include bonds, debentures, and mortgages. The principal of a fixed … Read more
In order to understand how earning potential works, it is first important to understand what earning potential is. Earning potential is the amount of money that a person can earn in their lifetime. This includes money earned from work, investments, and other sources of income. Earning potential is determined by a number of factors, including … Read more
