Examlex
If an automobile manufacturer unknowingly sells a defective product that causes an injury, the manufacturer is protected from product liability lawsuits.
Available-For-Sale Securities
Financial assets that are purchased with the intent to sell before their maturity date, and not held to maturity or traded actively.
Net Income
Represents the earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profitability.
Comparative Basis
An approach in financial analysis that involves comparing financial figures from different periods, or among companies to assess performance.
Intercompany
Transactions or activities that occur between two entities within the same parent company.
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