Examlex
What is the term for a liquid composed of polar molecules?
Set Off
Set off is a legal mechanism allowing parties to mutually cancel out monetary claims against each other by offsetting debts, thereby simplifying payment processes.
Financial Asset
An asset that derives value because of a contractual claim, such as cash, stocks, bonds, and bank deposits.
Financial Liability
An obligation to deliver cash or another financial asset to another entity, or to exchange financial instruments under potentially unfavorable conditions.
Offset Conditions
Conditions that allow entities to negate or counterbalance one position with another, commonly used in accounting and finance to manage risk or net-off liabilities against assets.
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