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This video tutorial covers essential terms in software as a service, such as AR, MRR, LTV, CAC, gross vs. net MR, churn, expansion, contraction, reactivation, and the differences between customer churn and revenue churn. The speaker discusses the importance of understanding these concepts, especially for new employees, and provides a comprehensive overview to help viewers grasp the language of SAS. The tutorial also delves into estimating lifetime value, cost of acquisition, and the benefits of negative churn rate.