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What is the implementation phase in the SDLC?
Convertible Notes
Debt instruments that can be converted into a specified number of shares of the issuing company at certain times during its life, usually at the discretion of the note holder.
Liability
A present obligation of the entity to transfer an economic resource as a result of past events.
Equity
The value of an owner's interest in a property or business, after subtracting liabilities.
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