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The most common means of financing a temporary cash deficit is a
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Legally binding refers to agreements or contracts that have legal force, meaning they are enforceable by law and must be complied with by the parties involved.
Statute Of Frauds
A legal requirement that certain contracts must be in writing to be enforceable.
Enforceable
Capable of being imposed or executed under law or legal authority.
In Writing
A contractual or legal requirement that stipulates information, agreements, or official statements must be documented in physical or electronic text form.
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