Examlex
Which of the following statements is true?
Net Worth
The total value of assets owned by an individual or corporation, minus any liabilities, indicating financial health.
Working Capital
Working capital is the difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.
Debt Covenants
Agreements or conditions included in debt contracts that the borrower must adhere to, designed to protect the lender by restricting the borrower’s activities and enhancing the likelihood of debt repayment.
SEC
The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.
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