Examlex
A firm's efficient use of its assets in running the business is key to maintaining sufficient cash flow. Ratios that accountants utilize to measure the efficient use of assets are called ________ ratios.
Secured
Protected by collateral or a guarantee, often referring to loans or obligations.
Unregistered Mortgage
A mortgage that has not been formally recorded with the relevant legal or government authorities, potentially affecting its enforceability.
Default
The failure to fulfill a legal obligation, such as not making a payment on a loan.
Equity of Redemption
The right of a borrower to reclaim property put up as collateral after clearing their debt, especially in relation to mortgage agreements.
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