Examlex
The agent must pass on to the principal:
Small Business
A privately owned corporation, partnership, or sole proprietorship that has fewer employees and lower annual revenue than a corporate or multinational company.
Long-Term Debt
Loans or other forms of financial obligations that are due to be repaid over a period longer than one year.
Equity Growth
The increase in the value of an investment or portfolio, attributed to capital gains and reinvested earnings.
Firm's Equity
The value of a company's assets minus its liabilities and debt; essentially, it represents the ownership value held by shareholders in the company.
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