Examlex
The basic human necessities that correctional facilities are required by the Constitution to provide to inmates are called .
Distress Sale
A distress sale occurs when property, stocks, or other assets are sold in an urgent manner, often at a loss, because of external pressures or financial hardship.
Forced Liquidation
The rapid sale of assets by a borrower who must sell these assets because of financial distress and cannot meet an obligation with cash flow.
Measurement Date
The specific point in time at which the value of an asset or liability is determined for accounting purposes, often used in reference to financial instruments or employee stock options.
Highest Use
An appraisal concept referring to the most probable use of a property or asset that is legally permissible, physically possible, financially feasible, and maximally productive.
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