Examlex
The cost of acquiring a customer list from another company is recorded as an intangible asset.
Self-dealing
A situation in which an individual with fiduciary duties acts in their own best interest rather than in the interest of the beneficiaries, potentially leading to a conflict of interest.
Business
The practice of making one's living by engaging in commerce, trade, or services.
Personal
Relating to or affecting a particular person rather than anyone else.
Indemnification
Indemnification refers to the obligation of one party to compensate another for losses or damages incurred, as specified in a contractual agreement.
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