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Using retained earnings as a source of equity financing has one major disadvantage,which is
Enforceable
A description of a legal agreement or contract that can be upheld or compelled by law.
Certificated Security
A security that is represented in physical, paper form rather than in electronic or digital form.
Security Entitlement
A legal right or interest that an individual has in a financial asset that is held by a securities intermediary.
Chattel Paper
A document or record that evidences both a monetary obligation and a security interest in or lease of specific goods.
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