Examlex
Which of the following is a sentence fragment?
GAAP
Generally Accepted Accounting Principles, which are a set of rules and guidelines used to prepare and present financial statements in the U.S.
Collateralized Borrowing
A method of borrowing where the borrower pledges an asset as security or collateral for the loan, which the lender can claim if the loan is not repaid.
Trouble Debt Restructuring
A process whereby terms of a debt are modified due to the financial difficulties of the borrower, typically resulting in reduced interest rates or extended payment schedules.
Financial Reporting
The process of producing statements that disclose an entity's financial status to management, investors, and the government.
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