Examlex
All of the terms in the Drake equation are estimates. In the next decade, which of these estimates is likely to improve the most because of better observational data?
Troubled Debt Restructuring
The process of modifying the terms of a debt agreement due to the debtor’s financial difficulties to enhance the likelihood of repayment.
Extraordinary Gains
Gains that are both unusual and infrequent in nature, typically reported separately in financial statements to provide clarity on a company's ordinary income.
Settlement
The resolution of a transaction or dispute, involving the transfer of funds or assets, or the fulfillment of contractual obligations.
Debtor Disclosure
The requirement for debtors to reveal complete financial information to their creditors, including assets, liabilities, income, and expenses, to ensure transparency in financial relationships.
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