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What is reentry and why is it difficult? Provide some examples of common challenges that offenders face.
Short-term Note Payable
A short-term note payable refers to a debt obligation that is due for repayment within a year or less.
Contingent Liability
A potential obligation that may arise depending on the outcome of a future event, not recognized on the balance sheet unless occurrence is probable and the amount can be reasonably estimated.
Estimated Liability
A potential financial obligation that may arise in the future, recognized in accounting based on probable expenditures.
Times Interest Earned
A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes (EBIT) to its interest expenses.
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