Examlex
Explain the role of ratings agencies and the part they played in the GFC.
Account Receivable
Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Bad Debt
A financial loss that occurs when a debtor fails to repay a loan or credit extended, considered non-recoverable and potentially eligible for a tax deduction.
Professional Gambler
Professional Gambler is an individual for whom gambling is considered a trade or business, allowing them to deduct losses and expenses related to their gambling activities as business expenses.
Illegal Information
Information obtained or used in a manner that violates laws or regulations.
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