Examlex
Inventory turn values that are considered good differ by industry and the type of products being handled.
Note Payable-State Bank
A debt obligation in the form of a written promissory note made to a state bank, specifying the terms under which repayment will be made.
Collateralized Borrowing
Obtaining a loan by pledging an asset as security for the loan, which the lender can seize if the borrower defaults.
Assets
Resources owned by a company that provide future economic benefits.
Liabilities
Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.
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