Lower Cost or Market Cost

A GAAP principle that states the value of asset should be lower than either the product cost or market value.

More words in the glossary starting with L

Last In First Out (LIFO)
Legal Name of Business
Liability
Lien
Limited Liability Company
Limited Partnership
Line of Credit
Liquidation
Liquidation Value
Liquidity
Loan Tenor
Loan to Value (LTV)

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Lower Cost or Market Cost

More words in the glossary starting with L

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