Examlex
Which of the following statements is true?
Covenants
Agreements or promises in a formal loan or bond agreement that cover certain conditions, actions, or restrictions taken by the borrower.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the business.
Dividend
A portion of a company's earnings, decided by the board of directors, to be distributed among shareholders, typically in the form of cash payments or additional shares.
Net Profits
The amount of money left over after all expenses, taxes, and deductions are subtracted from a company's total revenue.
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