Examlex
Which of the following is included in M2 but not in M1?
Non-Priority
A designation for debts or considerations that are deemed less important and hence are lower in the order of settlement or attention compared to priority ones.
Total Liabilities
The sum of all financial obligations (debts) owed by a company to external parties, recorded on its balance sheet.
Unsecured
Refers to loans or debts that are not backed by collateral, relying on the borrower's creditworthiness instead.
Payroll Taxes Payable
Taxes owed to the government by an employer, based on employee wages, that have been incurred but not yet paid.
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