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ACADEMIC TOPICS

a priori

A priori refers to an assertion based on prior knowledge or intuition. In Latin, the term literally means “from what is earlier.” An a priori determination is formed before investigation. For example, assuming that the road will be wet when it stops raining a minute before would be a priori reasoning.   

A priori is the opposite of a posteriori, or after-the-fact knowledge.

ab initio

Ab initio is a Latin term that means "from the beginning” or “from inception.” Ab initio is used to indicate that some fact existed from the start of a relevant time period. It is often used as part of the phrase “void ab initio,” meaning something – such as a marriage – was void from the beginning.

accelerated depreciation

Depreciation is the reduced value of something over time. Accelerated depreciation is any loss of value where the business depreciates (i.e., accounts for the value loss of a fixed asset in tax filings) at a greater proportion of an asset’s expected lifetime value loss earlier in its life. 

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