Examlex
Which of the following combining forms means sound?
Financial Liability
An obligation to deliver cash or another financial asset to another entity.
Legally Enforceable Right
A right that is recognized by law and can be upheld in a court.
Set Off
Set off is a legal mechanism allowing parties to mutually cancel out monetary claims against each other by offsetting debts, thereby simplifying payment processes.
Financial Asset
An asset that derives value because of a contractual claim, such as cash, stocks, bonds, and bank deposits.
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