Examlex
The TRACE program creates:
Encumbrance System
A legal system concerning real property wherein a claim or lien is placed on the property, affecting its use and transferability.
Estimated Commitments
Obligations or contracts that a company plans to undertake in the future, which are often projected or approximated.
Statement of Financial Position
Another term for the balance sheet, detailing a company's assets, liabilities, and equity at a specific point in time.
Inter-Fund Loans
Financial transactions involving the transfer of resources from one fund within an organization to another, typically within government or nonprofit entities.
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