Examlex
A basic premise of rights-based law enforcement is that:
Accounting Changes
Amendments in accounting principles, estimates, or the reporting entity that affect the financial statements of a company.
Reported Earnings
Reported earnings refer to the net income of a company as stated in its income statement, in compliance with the relevant accounting standards.
Seizure of Collateral
The act of a lender taking possession of the collateral pledged against a loan in the event of default by the borrower.
Breach of Covenant
The violation of a term or condition set in a contractual agreement or bond covenant.
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