Examlex
Audit committees are required to consist of only directors who are key officers of the company.
Long-term Notes
Debt obligations with a maturity of more than one year, used by companies to finance operations or major purchases.
Multiple Lenders
A situation where a borrower has loans or credit lines from more than one lender at the same time.
Bond Financing
Raising capital through the issuance of bonds, which are debt securities that obligate the issuer to pay interest to holders and repay the principal at maturity.
Equity Financing
The method of raising capital by selling company shares to investors, thereby exchanging ownership rights for cash investments.
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