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Describe and give an example of self-rubricizing.
Obligations
Obligations are responsibilities or legal commitments that arise from contracts, laws, or financial agreements, requiring entities to settle debts or perform specific actions.
Liabilities
Future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events.
Raising Funds
The process of gathering financial resources from various sources to support business operations, projects, or investments.
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