Examlex
What is a trial balance? What is its purpose?
Financial Asset
Any asset that is cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.
Debt Securities
Financial instruments representing a loan made by an investor to a borrower, typically involving periodic interest payments and the return of the principal at maturity.
Life Insurance Reserves
Funds that life insurance companies are required to set aside to ensure they can meet future obligations to policyholders.
Pension Reserves
Funds set aside by an organization to meet future pension liabilities for its employees.
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