Examlex
The situation in which a parent must choose between attending a daughter's ballet recital or a son's baseball game is an example of a __________.
Partnership Capital
The total capital contributions made by all partners in a partnership, which is used in the business operations.
Interest
The charge for borrowing money or the return for lending money, usually calculated as a percentage of the principal amount annually.
New Partner
An individual or entity that joins an existing business partnership, contributing capital or resources with the expectation of sharing profits and losses.
Admitted
An insurance term referring to insurers who are licensed and authorized to do business in a particular state or country.
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