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Month: January 2011

Estate Planning Glossary

A Administrator The court appoints an administrator to settle the estate of a person who dies without a will or with a will that does not designate an executor. Advance Medical Directive An advance medical directive is a document that provides instructions concerning...

Business Planning Glossary

A Accelerated cost recovery system (ACRS) Schedule of depreciation rates allowed for tax purposes. Accelerated depreciation Any depreciation method that produces larger deductions for depreciation in the early years of a project's life. Accelerated cost recovery...