Examlex
A living will is a document by which a person expresses his or her wishes regarding medical treatment desired if an accident or illness prevents him or her from participating in medical decisions.
Direct Restructuring Costs
Expenses directly associated with the process of restructuring a business or organizational operations, separate from indirect or incidental costs.
Indirect Restructuring Costs
Costs associated with reorganizing a business that are not directly connected to the physical process of restructuring, such as financial or reputational impacts.
Professional Judgement
The use of professional knowledge and skills to make decisions and solve problems.
Best Estimate
The amount which represents, as closely as possible, what the entity would rationally pay to settle the present obligation at the end of the reporting period or to provide consideration to a third party to assume it.
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