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Total Assets
The sum of all current and non-current assets on a company's balance sheet, representing everything the company owns that has value.
Open Account
It generally refers to a commercial credit line that allows for the purchase of goods and services without immediate payment, payable at a later date.
Down Payment
An initial payment made when purchasing a good or service, typically a percentage of the total price, with the remainder due later.
Equipment
Tangible items used in the operation or production process of a business.
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