Examlex
_____ is the same thing as the item called net profit on an income statement.
Indorsement
An endorsement, in a financial context, refers to the act of signing the back of a negotiable instrument, which allows for the legal transfer of the instrument’s ownership. If "Indorsement" was misspelled and meant to signify a general approval or support, the term is not accurate.
Reimburse
To pay back or compensate for expenses incurred or losses sustained.
Liable
Being legally responsible for something, typically involving financial compensation or reparations.
Encodes Information
Involves converting data or information into a particular form, especially to prevent unauthorized access or understanding.
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