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NASDAQ: The National Association of Securities Dealers Automated Quotation. It is the stock price index used to measure the relative value of stocks traded over the NASD. This widely used composite index is based on the prices of 5,000 of these over-the-counter stocks.
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ABILITY-TO-PAY PRINCIPLE A taxation principle stating that taxes should be based on the ability to pay taxes. The ability-to-pay principle works from the proposition that those who have the greatest income should pay the most taxes. The ability-to-pay principle is the only reasonable way to finance the provision of public goods such as national defense, public health, and environmental quality. This is one of two taxation principles. The other is the benefit principle, which states taxes should be based on the benefits received.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction trying to buy either a 200-foot blue garden hose or a video camera with stop action features. Be on the lookout for deranged pelicans.
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In his older years, Andrew Carnegie seldom carried money because he was offended by its sight and touch.
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"The more you praise and celebrate your life, the more there is in life to celebrate." -- Oprah Winfrey
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AACP
American Assocation of Commercial Publications
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