Examlex
The World Trade Organization developed the Agreement on Trade-Related Aspects of Intellectual Property Rights to establish the maximum penalties to be meted out for patent and copyright infringement.
Accounting Equation
The fundamental equation representing the relationship among assets, liabilities, and owner's equity: Assets = Liabilities + Owner’s Equity.
Creditor
An individual or entity that is owed money by another party, often in the context of loaning funds or issuing credit.
Liability
The financial liabilities or obligations a company is legally bound to settle, which emerge in the process of conducting its business activities.
Owner's Equity
The amount of ownership an individual or entity has in a company, represented by the assets minus liabilities and often seen as the owner's claim against the company's assets.
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