Examlex
Match each word part meaning with its correct word part.
-Many
Mortgage Payable
A liability represented by a legal agreement granting a lender a lien on real estate property as security for the repayment of a loan.
Provisions
Liabilities of uncertain timing or amount, recognized on the financial statements for expected losses or expenses.
Defined Contribution Plans
A type of retirement plan where the employer, employee, or both make contributions on a regular basis, and future benefits depend on the investment's performance.
Employee Vacation Pay
Compensation owed to employees for the time they have accrued but not taken as vacation.
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