Examlex
What is FR(N)? How is it calculated? How are FR(N) and MTBF related?
Pure Endowment
An insurance policy where the insurer agrees to pay a specified sum of money at the end of a determined period on the condition that the insured is still alive.
Quasi-Endowment
Funds that are not permanently restricted under the terms of the gift but are designated by the governing board to function as an endowment, thus not easily expendable for general operations.
Liquid Assets
Assets that can be quickly and easily converted into cash without significantly affecting their value.
Financial Ratios
Quantitative measures derived from a business's financial statements, used to evaluate its performance, liquidity, and financial health.
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