Examlex
Fibonacci Property Management's balance sheet shows total liabilities of $5 million and total assets of $13 million. Interest bearing liabilities total $3 million (book value) . Excess cash $500,000. The market value of Fibonacci's equity is $21 million. Fibonacci's Debt to Enterprise Value ratio is
Maintenance-Free
Products or systems designed to operate without needing regular maintenance or care from the user.
Misrepresentation
The act of providing false or misleading information with the intent to deceive in a contractual agreement.
Rescission
A legal remedy that cancels or annuls a contract, returning the parties to their positions before the agreement.
Clean Hands
A doctrine in equity law that ensures parties seeking equitable relief must be free of wrongdoing in the matter before the court.
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