Examlex
Describe the difference between a comprehensive annual financial report (CAFR) and GASB general purpose external financial reporting for state and local governments.
Collateralize
The act of using an asset as security for a loan, ensuring the lender can seize the asset if the borrower defaults.
UPA
Uniform Partnership Act, a standardized set of laws to regulate the formation and management of partnerships in the United States.
Mortgage
A transfer of an interest in property for the purpose of creating a security for a debt.
Partnership Property
Assets purchased or acquired for the purpose of the partnership business, jointly owned by all partners according to the partnership agreement.
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