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The Term ________ Refers to a Liability That Promises a Future

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Short Answer

The term ________ refers to a liability that promises a future outflow of resources.


Definitions:

Partial Derivative

The derivative of a function of multiple variables with respect to one variable, holding the others constant.

Network Externality

A situation where the value of a product or service increases for a user when more people use it.

Facebook

A social networking platform that allows users to create profiles, share photos and videos, send messages, and keep in touch with friends, family, and colleagues.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods or services.

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