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Cash Flow Test
A financial analysis method used to determine the liquidity of a company by assessing its ability to generate cash to pay its short-term obligations.
Equity Insolvency Test
A method to determine if a company can meet its financial obligations as they come due without having to sell off assets.
Revised Act
An updated or amended version of a legislative act, incorporating changes made since its original enactment.
Promissory Note
A written, legally binding document in which one party promises to pay a specified sum of money to another party under agreed terms.
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