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After the central bank decreases reserves in the banking system through open-market sales,banks reduce deposits through multiple rounds of calling in loans and losing deposits until the
Estimated Warranty Costs
The projected expenses a company expects to incur for repairing or replacing products under warranty.
Warranty Contracts
Agreements that guarantee the repair or replacement of a product within a specified time period if it fails to meet outlined conditions.
Contingent Liability
A potential obligation that may arise in the future, dependent on the occurrence of a specific event.
Financial Statement
Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.
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