Examlex
In the context of partnerships, ________ are funds distributed directly from the business.They are usually in the form of a cash dispersion in advance of salary, bonus, and expected year-end distribution.
Transfer Warranties
Guarantees made concerning the condition or legal status of goods at the time of their transfer to a new owner.
Discharged
The completion or termination of an obligation such as a debt or legal duty.
Liability
The state of being legally responsible for something, particularly in terms of debts or legal actions.
Check
A negotiable instrument, commonly used for transactions, instructing a bank to pay a specific amount from the drawer's account to the payee or bearer.
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