Use the Following Items to Answer the Matching Questions Below

question 83

Short Answer

Use the following items to answer the matching questions below:

-net cash flows

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Definitions:

Consideration

Something of value that is given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods or a lease of specific goods.

Monetary Obligation

A monetary obligation is a legal requirement to pay a certain amount of money, often arising from contracts, loans, or fines.

Specific Goods

Items distinctly identified at the time a contract of sale is made, distinguishing them from other goods.