Examlex
Describe the characteristics and signs of high-quality education in elementary school.
Transferable
The quality of an asset that allows it to be passed or conveyed from one entity to another.
Forfeiture
The loss of any right, property, or money, usually because of a breach of legal obligation or failure to fulfill some condition.
Financial Covenant
A clause in a loan agreement that requires the borrower to fulfill certain financial conditions, aiming to protect the lender’s interests by monitoring the financial performance and health of the borrower.
GAAP
Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting in the United States.
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