Examlex
A firm with two or more owners who have unlimited liability is known as
Current Asset Accounts
Balance sheet accounts that represent resources with value owned by a company, expected to be converted into cash or used within a year.
Cleanup Loan
A short-term loan used to clear outstanding debts, often as a way to improve financial metrics before seeking longer-term financing.
Bankers' Acceptance
A short-term debt instrument issued by a company but guaranteed by a bank, commonly used in international trade to facilitate transactions.
Letter of Credit
A document issued by a bank guaranteeing a buyer's payment to a seller within a specific timeframe and for a specific amount.
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