Examlex
The current ratio is determined by subtracting current liabilities from current assets.
Consumer Goods
Items produced for personal or household use, typically characterized by their direct consumption and satisfaction of individual needs.
Security Interest
A legal claim or lien on collateral, ensuring that a debt or obligation is secured with specific property.
Creditor
An individual or institution that lends money or extends credit to another entity, which is obliged to pay back the loan.
Pledge
The transfer of collateral to a secured party.
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