Examlex
Which of the following is an example of judge-made law?
Collateral
An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.
Accruals
Accounting adjustments for revenues that have been earned or expenses that have been incurred but not yet recorded.
Level of Operations
Refers to the scale of production or business activity, indicating the degree to which a company utilizes its resources.
Factoring
Factoring is a financial transaction where a business sells its accounts receivable to a third party (the factor) at a discount, to raise immediate capital.
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