Examlex
Effective business communicators should use jargon only when communicating with others in the field or profession.
Property Plant and Equipment
Long-term tangible assets used in the operation of a business, such as buildings, machinery, and vehicles.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.
Current Liabilities
Financial obligations that a company is expected to pay within one year or within its operating cycle, whichever is longer.
Obligations
Legal or financial duties that one party owes another, such as debt repayment or service delivery.
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