Another Name for Equity Is

question 35

Multiple Choice

Another name for equity is:

• A) Net income.
• B) Expenses.
• C) Net assets.
• D) Revenue.
• E) Net loss.

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Definitions:

Surety Bond

Insurance arranged in case a party to a contract fails to perform.

Contract Performance

The carrying out of the duties and obligations as stipulated in a contract by the involved parties.

Subrogation Right

The right for an insurer to pursue a third party that caused an insurance loss to the insured, in order to recover the amount of the claim paid.

Insurance Company

An organization that offers risk management to individuals or entities by providing compensation for losses in exchange for premium payments.