Examlex
A bank's balance sheet can show a negative net worth and yet its income statement can show a profit for the year.
Antilapse Clause
A provision in a will that allows the gifts to substitute beneficiaries if the original beneficiary is deceased.
Grace Period
A grace period is a set length of time after a due date during which a payment can be made without penalty.
Commercial Insurance
Insurance that covers some type of business risk.
Business Risk
The possibility that a company will have lower than anticipated profits or experience a loss rather than making a profit.
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