Examlex
Which statement about Picasso's Guernica is NOT correct?
Restricted
Refers to funds or assets that are earmarked for specific purposes and cannot be used for general expenditures.
Nonspendable
Funds not available for spending because they are legally or contractually required to remain intact.
Committed
In finance, "committed" refers to a pledge or firm agreement to execute a financial transaction or investment.
Assigned
Allocated or designated to a particular task, position, or purpose.
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