Examlex
Even though there are hundreds of different languages and dialects,the three major languages used in global diplomacy and commerce are
Liability
Financial obligations or debts that a company owes to others, which must be settled through the transfer of assets or provision of services.
Asset
An economic resource that can be owned or controlled to produce value and that is held by a company to produce positive economic value.
Equity
The worth of an owner's stake in a property or business once all debts and other financial obligations have been subtracted.
Expense
An outflow of money or other resources, often categorized as operational or capital, incurred by a business in the process of earning revenue.
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