Use the Following Two Columns of Items to Answer the Matching

question 17

Short Answer

Use the following two columns of items to answer the matching questions below:
-financial plan
A)planning for insurance, investing, financing, and retirement
B)amounts owed that are due in less than one year
C)cash, checking account, and money market account
D)stocks, bonds and mutual funds
E)home, car, furniture
F)assets less liabilities

• A)planning for insurance, investing, financing, and retirement
• B)amounts owed that are due in less than one year
• C)cash, checking account, and money market account
• D)stocks, bonds and mutual funds
• E)home, car, furniture
• F)assets less liabilities

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Definitions:

Enforceable

Describes a legal agreement or contract that can be upheld or compelled by law or by a court.

Covenant Not To Compete

A contractual promise to refrain from competing with another party for a certain period of time and within a certain geographic area. Although covenants not to compete restrain trade, they are commonly found in partnership agreements, business sale agreements, and employment contracts. If they are ancillary to such agreements, covenants not to compete will normally be enforced by the courts unless the time period or geographic area is deemed unreasonable.

Restriction

A restriction refers to a limitation or condition placed on the use, development, or transfer of property or rights.

Intoxicated

A state of being under the influence of drugs or alcohol to the extent that mental and physical capabilities are significantly impaired.