Examlex
When a corporation discontinues a segment of its operations at a loss, the loss should be reported as a separate item after income from continuing operations on the income statement.
Distress
Severe anxiety, sorrow, or pain; in a legal context, the seizure of property to compel payment or performance of a duty.
Rental Arrears
The amount of money owed by a tenant for rent that has not been paid by the due date.
Seize and Sell
A legal process where authorities or creditors take and then sell the assets of a debtor to recover owed money.
Water Purifier
A water purifier is a device that removes impurities and contaminants from water, making it safe for drinking and other uses.
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