Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
P atroons
Misappropriation Of Assets
The unauthorized use or theft of a company's assets for personal gain.
Bonded
Refers to goods or entities that are secured by a bond or insurance to protect against default or mishandling.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.
Petty Cash
Petty cash is a small amount of cash on hand used for covering minor and unplanned expenses in an organization.
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