LINDEN DOLLAR
Virtual economic currency utilized in the Second Life. The currency symbol is L, postfixed or prefixed. Sometimes, K means thousands of linen; hence 1K is equal to 1000L. The Second Life was formed by Linden Lab, developer of digital entertainment, and launched it in June 2003. Program users are called residents and these ‘residents’ interact with other users using avatars. Avatars can socialize, participate in various activities, and travel around the world. Also, residents can create and trade virtual property, goods, and/or services with fellow residents. Second Life aims to let users be immersed in a virtual world through a community-driven and user-created experience.
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Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
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Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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