Examlex
The probability of a major flood in any given year is the same whereas the probability of a major earthquake in any given year changes over time. Explain both how and why the probability of a major earthquake changes over time.
5-Year Bank Loan
A financial agreement where a bank lends money to a borrower, to be repaid with interest over a period of five years.
Financial Statements Linkage
The connection and relationship between different financial statements (e.g., balance sheet, income statement, cash flow statement) to assess the financial health of a business.
Retained Earnings
The cumulative amount of profit retained by the company and not paid out in the form of dividends to owners.
Net Income
The total earnings or profit of a company after subtracting all expenses, taxes, and costs, also known as net earnings.
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