Examlex
A retiring partner has no way of being discharged from her existing liabilities other than by paying them off.
Balance Sheets
Financial statements that summarize a company's assets, liabilities, and shareholders' equity at a specific point in time.
Asset
An item of value owned by an individual or corporation, expected to provide future benefit or revenue.
Reserve Requirement
A regulation set by central banks requiring commercial banks to hold a certain amount of their deposits as reserves, either as cash in their vaults or as deposits with the central bank, to ensure liquidity.
Money Multiplier
The ratio of the increase in total money supply generated from an initial deposit in a banking system.
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