The order of accuracy when finding the LTE

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When finding the Local Truncation Error (LTE) of a Linear multistep method (LMM), I'm aware how to taylor expand the expression, multiply by $1/H$, and then simplify as shown below: enter image description here enter image description here

Now my question is what is the importance of the order of accuracy ($\mathcal{O}(h^2)$), and why does it change in the last line of this equation.