Examlex
Civil disabilities might include the inability to
Interest Tax Shield
The reduction in income taxes that results from taking the allowable interest expense deductions from taxable income.
Financial Distress Costs
Expenses incurred by a firm facing financial difficulties, including legal, administrative, and potentially bankruptcy-related costs.
Reorganization
Financial restructuring of a failing firm to attempt to continue operations as a going concern.
Going Concern
An assumption that a company will continue to operate in the foreseeable future, without the intention or necessity of liquidation.
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