Examlex
Which of the following are current assets?
I.patent
II.inventory
III.accounts payable
IV.cash
Absolute Sureties
Individuals or entities that guarantee the performance of a debtor or contractual obligations without any conditions.
Financing Statement
A document filed by a creditor to indicate a security interest in the assets of a debtor, typically used in secured transactions.
Trade Name
The commercial name under which a business operates and is known to the public, distinct from the business's legal name.
Collateral
An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.
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