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7-28 Contingent Claims Are Assets and Liabilities That Will Come

question 81

True/False

7-28 Contingent claims are assets and liabilities that will come into existence at a future time often at the insistence of a customer or second party.


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Cheap

Low in cost; inexpensive or affordable in price.

Jargon

Specialized terminology associated with a particular field, profession, or group, often difficult for outsiders to understand.

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The craft of composing written communications within or for a business context, including emails, reports, proposals, and memos.

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A grammatical voice wherein the subject of the sentence performs the action expressed by the verb, leading to clear and direct expressions.

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