Examlex
A national restaurant chain must pay damages for breach of contract to a cooking oil supplier.What type of law is involved?
Accrue
The process of recording expenses and revenues that have been incurred or earned, respectively, but not yet received or paid, in order to reflect the true financial position of an entity.
Estimated Loss
An anticipated loss that a company might suffer due to various risks and uncertainties, and which is accounted for in advance.
Appropriation
The allocation or setting aside of funds by a company for a specific purpose or the restriction of retained earnings distributed to shareholders.
Inventory Finance
A line of credit or loan specifically intended to help businesses purchase inventory, often secured by the inventory itself.
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