Examlex
Which statement contains abstract or ambiguous language?
Default Risk
The risk that a borrower will not make the required payments on its debt obligations.
Common-Size Financial Statements
These are financial documents where all line items are expressed as a percentage of a specific figure from the statement, facilitating ratio analysis and comparability.
Base Number
A reference point or initial value used in calculations to compare other numbers or for indexing purposes.
Fixed Asset Sales
The disposal of long-term assets owned by a company, such as property, plant, and equipment, usually due to obsolescence, necessity, or acquiring funds.
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