Examlex
A _____ occurs when property is leased for an indefinite period of time and either party may choose to conclude the tenancy at any time.
Credit Balance
The amount appearing on the credit side of an account, indicating the total credits exceed the total debits.
Formal Written Instrument
A legally binding document or contract clearly outlining the terms and conditions agreed upon by the parties involved.
Credit
The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources (or other materials of equal value) at a later date.
Notes Receivable
Written promises for amounts to be received by a business, typically including interest, from individuals or other entities.
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