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Help paid apps for VM users??

Paid apps aren't any different on ours than it is on other carriers. You buy the app through the Market, Google Checkout. If you find a paid app, and go to download it, it prompts you for info/Credit card through google.

So, my question is that if you have a paid app, and let's say that you loose it all, is it like Apple's AppStore to were you have to re-purchase it or like Steam to where you purchase it once, and can download it multiple times?
 
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