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Income and Loss Ratio
Usually referred to as the "loss ratio" in insurance, it is a metric that compares losses (claims paid and adjustment expenses) to premiums earned.
Capital Account
The capital account in accounting represents where all transactions involving the purchase and sale of capital assets are recorded, often reflecting the net worth of a business.
Liquidating
The process of converting assets into cash, often referring to the sale of assets during the winding down or closure of a business.
Noncash Assets
Assets that are not in the form of cash or easily convertible into cash, such as real estate, equipment, and patents.
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