Examlex
The doctrine of reformation holds that the only way to correct a contractual provision that does not reflect the intentions of the parties is by mutual agreement of the parties.
Readily Marketable
Items or securities that are readily marketable can be quickly sold in the market without significantly affecting their price.
Operating Cycle
The duration of time it takes for a company to purchase inventory, sell products, and receive cash from sales, representing the full cycle of a business's operations.
Short-Term Investments
Investments typically expected to be converted into cash within one year, such as stocks or bonds.
GAAP
GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards used in the United States for financial reporting.
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