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It is generally agreed that complex adaptations
Borrower
An individual or entity that receives funds from a lender under the condition of returning it over time, with interest.
Lender
An individual, a financial institution or another entity that provides funds to others with the expectation that the funds will be repaid, typically with interest.
Current Liability
This refers to debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle.
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