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GASB No.53 establishes reporting requirements for governments entering into derivative instruments.What is the treatment of hedging vs.investment derivates?
Punitive Damages
Damages exceeding simple compensation and awarded to punish the defendant for egregious behavior or acts.
Tort Of Deceit
A civil wrong involving intentional misrepresentation, leading another to suffer damages.
Fraudulent Misrepresentation
A false statement made knowingly or recklessly to induce another party to enter into an agreement, leading to a misleading transaction.
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