Examlex
The most important category of assets on a bank's balance sheet is
Sole Proprietorship
A business structure where a single individual owns and operates the business, bearing all the business's financial responsibilities and obligations.
Legal Entity
An organization or structure that has legal rights and obligations, including the capability to enter into contracts, sue, and be sued.
Association
An organized group of people who share a common purpose, interest, or activity.
Voluntary
Performed, decided upon, or proceeding from an individual's own choice, without being forced or required to do so.
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