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A Contract in Which One Party May Disaffirm or Enforce

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A contract in which one party may disaffirm or enforce the contract is


Definitions:

Unrealized Gain

A profit that results from an investment that has increased in value but has not yet been sold for cash.

Acquisition Differential

The gap between what a company is bought for and the true worth of its recognizable assets and debts.

Goodwill Impairment

Goodwill impairment occurs when the market value of a company's goodwill asset falls below its book value, indicating that the asset is overvalued on the balance sheet.

Long-Term Liabilities

Financial obligations of a company that are due after a year or more.

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