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When a meeting gets off topic, what should a good meeting leader do?
Clean-Up Provision
A clause in a financial contract that requires the borrower to pay off a loan or line of credit in full after a specified period or under certain conditions, to ensure the credit line is periodically brought to a zero balance.
AASB 137
An Australian accounting standard that deals with the accounting for provisions, contingent liabilities, and contingent assets.
Long-Term Project
A project that spans over an extended time period, typically beyond one year, often involving substantial investment or complexity.
Deferred Asset
An expenditure that is not expensed immediately but is recognized over a future period to match with revenues it generates.
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