Examlex
What is an important principle of Cabinet operation?
Loss
A decrease in net assets or wealth, often realized when expenses exceed revenues or when assets lose value and is reflected in the financial statements.
Forward Exchange Contract
A financial contract between parties to exchange currencies at a predetermined rate on a specified future date.
Contractual Obligation
A duty or commitment that is legally enforceable due to a contract agreement.
Hedging
A financial strategy used to reduce or manage risk associated with price movements of assets by taking an opposite position in a related security.
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