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NAFTA currently allows anti- dumping and countervailing duties on imported goods between Canada and the U.S. However, in the long term, NAFTA is requiring both countries to
Goodwill
An asset lacking physical substance that comes into existence when a firm is bought for an amount that surpasses the fair value of its recognizable net assets.
Cash-Flow Contingency
A provision or reserve for potential changes in cash flow due to uncertain future events that might affect a company's financial health.
Market-Price Contingency
A condition in a contract that the transaction's completion or the specifics of the transaction terms depend on future market prices.
Consolidated Balance Sheet
A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries into one document for a clear view of the total business.
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