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The Syntax for the YEARFRAC Function Is as Follows: =YEARFRAC(start_date,end_date,[basis])

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The syntax for the YEARFRAC function is as follows: =YEARFRAC(start_date,end_date,[basis]).


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Liability

A legal responsibility or obligation, particularly in the context of debts or torts.

Liquidated Damages Provision

A contractual clause that specifies a predetermined amount of money that must be paid as damages in the event of a contract breach by one of the parties.

Future Default

The possibility or likelihood of failing to make future payments on debt obligations.

Sufficiently Definite

A legal standard indicating that a contract or agreement contains clear, precise, and unambiguous terms that can be enforced.

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