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This video tutorial covers essential terms in software as a service (SaaS) including AR, MRR, LTV, and CAC. The speaker emphasizes the importance of understanding these terms and distinguishes between gross versus net MRR, as well as customer churn versus MR churn. The video aims to provide a comprehensive explanation for new employees and anyone interested in SaaS terminology. Key topics discussed include expansion, contraction, reactivation MRR, churn rates, net revenue churn, and negative churn rate. Additionally, the video delves into estimating lifetime value and cost of acquisition for SaaS companies.