Examlex
When adults disregard what children are interested in and attempt to teach them things that they will need later in school,there is a real danger that what really happens is that the children's development will be slowed.
Bank Guarantee
A financial instrument provided by a bank on behalf of a client, ensuring payment to a beneficiary if the client fails to fulfill contractual obligations.
Contingent Liability
A potential financial obligation that may arise in the future, dependent on the occurrence of certain events.
Liability
An obligation arising from past transactions or events, which may result in an outflow of resources embodying economic benefits.
Provision
An amount set aside in the accounts to cover a probable future expense or liability, recognized for known obligations of uncertain timing or amount.
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