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What is appraisal?



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The concept of appraisal, also known as a valuation report, is the document signed by a competent professional whose objective is to justifiably establish the value of an asset according to previously established criteria and developing an appropriate methodology. In the field of finance, the definition of appraisal refers to the process from which the … Read more

What is a surplus?



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The term surplus is commonly used in economic fields, to refer to the excess amounts of something. The surplus has its origin after the development of agriculture and livestock, at which time more food begins to be produced than is consumed by humans. These surplus or surplus quantities begin to be used as a bargaining … Read more