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This tutorial covers essential software as a service terms like AR, MRR, LTV, and CAC. The video explains the differences between gross versus net MRR, customer churn versus revenue churn, and the importance of understanding these concepts for new employees. The tutorial also dives into expansion, contraction, reactivation MRR, churn rate, and negative churn rate. Additionally, it discusses estimating lifetime value and cost of acquisition. This thorough video aims to help viewers gain a clear understanding of the language and metrics used in the SaaS industry.