Examlex
A firm's net income is also its accounting profit.
Purported Partner
Implies someone alleged or claimed to be a partner in a business or enterprise, often without the legal or formal acknowledgment of such a partnership.
Substantial Reliance
A level of dependence on a promise or statement significant enough to alter one's position, often referenced in contract law.
Detrimental Reliance
A legal concept where a party suffers a loss because they relied on a promise or representation that was later breached or not fulfilled.
Creditor
A creditor is an entity (person or institution) that lends money or extends credit to another entity, expecting to be repaid in the future.
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