Examlex
If a superclass contains only constructors that require arguments, you do not need to create a subclass constructor.
Nonrecourse Financing
A loan where the lender's only recourse in case of default is to seize the collateral securing the loan, with no further claim on the borrower's assets.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board for global use.
GAAP
The standard framework of guidelines for financial accounting employed within any specific jurisdiction, known as Generally Accepted Accounting Principles.
Principles-based
A system of accounting that is based on broad principles and guidelines, allowing for professional judgment and flexibility in financial reporting.
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